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When a company with no contributed surplus reacquires its own shares at a cost greater than their average per share amount, the loss is debited
When a company with no contributed surplus reacquires its own shares at a cost greater than their average per share amount, the loss is debited to
Loss on Reacquisition of Common Shares.
Retained Earnings.
Common Shares.
Contributed Surplus - Reacquisition of Shares.
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