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XYZ, Inc. sells 100 shares of treasury shares at $13 per share. If the cost of acquiring the shares was $10 per share the entry
XYZ, Inc. sells 100 shares of treasury shares at $13 per share. If the cost of acquiring the shares was $10 per share the entry for the sale should include credit to: Select one: a. cash $1,000 b. Treasury Shares $1,300 C. cash $1,300 d. shares premium 300, treasury shares 1000 ABC Corporation issues 1,000 shares of $10 par value ordinary shares at $13 per share. In recording the transaction, credits are made to: Select one: a. ordinary Shares $10,000 and share premium 3,000 b. cash 13,000 C. ordinary shares $10,000 and Retained Earnings 3,000 O d. ordinary Shares $13,000 Ahmad an active partner receives an annual Bonus 25% of partnership net income after deducting his bonus for the year ended 2019 partnership net income before bonus amounted to 300,000, the bonus for Ahmad should be Select one: O a. 225,000 O b. 75,000 O C. 60,000 d. 240,000
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