Question
When shares are reacquired at a cost less than the average per share value, the difference is credited to: A) the appropriate share capital account.
When shares are reacquired at a cost less than the average per share value, the difference is credited to:
A) the appropriate share capital account.
B) Retained Earnings.
C) Gain on Reacquisition of Shares.
D) Contributed Surplus.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
