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Fast2F Fast2F
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6 years ago
A corporation sold 20 shares of $20 par value treasury stock for $40 per share. The treasury stock cost $30 per share to acquire. The entry to record the transaction would include a:
A) debit to Treasury Stock for $800.
B) debit to Common Stock for $400.
C) credit to Paid-in Capital from Treasury Stock for $600.
D) credit to Paid-in Capital from Treasury Stock for $200.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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6 years ago
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Fast2F Author
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6 years ago
Good timing, thanks!
sakoon
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Yesterday
Thank you, thank you, thank you!
missnoname
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2 hours ago
Thanks
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