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Vance Refrigeration repurchased 1,000 shares of their own common stock for $30 per share. They then resell 500 shares for only $20 per share. How
Vance Refrigeration repurchased 1,000 shares of their own common stock for $30 per share. They then resell 500 shares for only $20 per share. How much should treasury stock be debited or credited for the resale? Why do we multiply $30 x 500???
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