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When a corporation purchases its own stock using the cost method and resells it later at a higher price, a credit entry is made to
When a corporation purchases its own stock using the cost method and resells it later at a higher price, a credit entry is made to which account(s) in the later sale?
A. Both treasury stock and paid in capital from treasury stock
B. Treasury stock but not paid in capital from treasury stock
C. Paid in capital from treasury stock but not treasury stock
D. Neither paid in capital from treasury stock nor treasury stock
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