Question
Ross Corporation reported the? following: Common? Stock, $5 ?par, 209,000 shares? authorized, 170,000 shares issued $850,000 Paid in Capital in Excess of Parlong Common 207,000
Ross Corporation reported the? following: Common? Stock, $5 ?par, 209,000 shares? authorized, 170,000 shares issued $850,000 Paid in Capital in Excess of Parlong Common 207,000 Retained Earnings 239,000 Total? Stockholders' Equity $1,296,000 Which of the following is included in the entry to record the? corporation's purchase of 40,000 shares of its common stock for $15.00 per? share?
A.
Retained Earnings is debited for
$ 600 comma 000$600,000.
B.
Paidminus?In
Capital From Treasury Stock Transactions is credited for
$ 350 comma 000$350,000.
C.
Common
Stocklong dash$ 5$5
Par Value is credited for
$ 200 comma 000$200,000.
D.
Treasury
Stocklong dashCommon
is debited for
$ 600 comma 000$600,000.
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