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Recumbence Incorporated purchased 5,000 shares of its own stock for a total of $40,000. Later, it resold 2,000 of those shares for a total of
Recumbence Incorporated purchased 5,000 shares of its own stock for a total of $40,000. Later, it resold 2,000 of those shares for a total of \$24,000. What journal entry should Recumbence make to account for the resale of the treasury stock
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
