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Record the following transactions by the cost method. (a) Bought 500 shares of its common stock at $40 a share. (b) Sold 100 treasury shares

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Record the following transactions by the cost method. (a) Bought 500 shares of its common stock at $40 a share. (b) Sold 100 treasury shares at $50 a share. (c) Sold 300 shares of treasury stock at $30 a share

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