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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
To record the purchase of treasury stock:
A) debit Treasury Stock-Common (par value); debit any difference to Paid-in Capital; credit Cash (purchase price).
B) debit Treasury Stock-Common (purchase price); credit Cash (same).
C) debit Treasury Stock-Common (par value); credit Cash (same).
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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7 years ago
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majestico Author
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7 years ago
Good timing, thanks!
Turboturner
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Yesterday
This site is awesome
jbag1237
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2 hours ago
Smart ... Thanks!
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