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thomas3333 thomas3333
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5 years ago
If treasury shares are sold for less than their cost, the difference is recorded as a loss.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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wrote...
5 years ago
 FALSE
Explanation:   If treasury shares are sold for less than their cost, the difference is first debited to Paid-In Capital from Treasury Stock Transactions and then to Retained Earnings if the balance in Paid-In Capital from Treasury Stock Transactions is too small.
thomas3333 Author
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5 years ago
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