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A Corporation Purchased 110 Shares of Treasury Stock for $45

Question 46

Multiple Choice

A corporation purchased 110 shares of treasury stock for $45. The entry to record the transaction would include a:

A) debit to Cash for $4,950.
B) credit to Treasury Stock for $4,950.
C) debit to Treasury Stock for $4,950.
D) None of these answers is correct.

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