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The company in the previous question purchased 20,000 shares of its own common stock for $14.00 per share. The proper journal entry will contain: O

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The company in the previous question purchased 20,000 shares of its own common stock for $14.00 per share. The proper journal entry will contain: O a 280,000 debit to cash O a 280,000 credit to cash O a 140,000 debit to treasury stock O a 120,000 credit to cash O a 280,000 debit to treasury stock O none of the above

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