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um 1 pts Land Corporation reported the following: Common Stock, $5 par, 211,000 shares authorized, 165,000 shares Issued Paid in Capital in Excess of Par-Common

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um 1 pts Land Corporation reported the following: Common Stock, $5 par, 211,000 shares authorized, 165,000 shares Issued Paid in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $825,000 217,000 207.000 $1.249,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $12.00 per share? Common Stock-$5 Par Value is credited for $200,000. Treasury Stock-Common is debited for $480,000. Paid-In Capital from Treasury Stock Transactions is credited for $135,000. Retained Earnings is debited for $480,000

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