When reacquiring shares, under what circumstances would the Contributed Surplus account be affected? The Retained Earnings account?

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When reacquiring shares, under what circumstances would the Contributed Surplus account be affected? The Retained Earnings account? Would the effect caused by the circumstances described above result in an increase or a decrease in these accounts?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jun 15, 2017 09:23 AM

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When reacquiring shares, under what circumstances would the Contributed Surplus account be affected? The Retained Earnings account?

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Financial Accounting Tools for Business Decision Making

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