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Question(s) / Instruction(s):

A corporation originally issued $8 par value stock for $9 per share. It reacquired the stock for $10 per share. Which of the following would be included in the entry to record the reissue of 20 shares for $11 per share?  

a)            Paid-in capital from treasury stock transactions is credited for $220.  

b)            Treasury stock is credited for $200.  

c)            Treasury stock is credited for $220.  

d)            Paid-in capital from treasury stock transactions is credited for $200.  

 

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