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Which of the following is included in the entry to record the corporations purchase of 40,000 shares of its common stock for $11.50 per share?
Which of the following is included in the entry to record the corporations purchase of 40,000 shares of its common stock for $11.50 per share?
Question 32 options:
| Retained Earnings is debited for $460,000. |
| Treasury Stock - Common is debited for $460,000. |
| Common Stock - $5 Par Value is credited for $200,000. |
| Paid-In Capital from Treasury Stock Transactions is credited for $30,000. |
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