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Solar Technologies uses the cost method to account for treasury stock. After a recent transaction, the firm recorded a $100,000 debit to Cash, an $80,000
Solar Technologies uses the cost method to account for treasury stock. After a recent transaction, the firm recorded a $100,000 debit to Cash, an $80,000 credit to Treasury Stock, and a $20,000 credit to Paid-in Capital from Treasury Stock. These entries suggest that Solar originally purchased these treasury shares for ____________ but sold them for____________
$100,000; $80,000.
$100,000; $200,000.
$80,000; $100,000.
$200,000; $100,000.
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