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Record Chiron Company's treasury stock transactions listed below using the cost method [prepare journal entries): a. Purchased 700 shares of common stock to be held
Record Chiron Company's treasury stock transactions listed below using the cost method [prepare journal entries): a. Purchased 700 shares of common stock to be held as treasury stock, paying $52 per share [2 points) b. Sold 260 of the shares of treasury stock at $48 per share [3 points) c. Sold 120 shares of treasury stock at $58 per share [4 points)
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