Multiple Choice
Which of the following would be included in the entry to record a company's repurchase of 10 000 ordinary shares for $7.50 per share?
A) Retained earnings would be debited for $75 000.
B) Ordinary share capital would be debited for $75 000.
C) Cash would be debited for $75 000.
D) Ordinary share capital would be credited for $75 000.
Correct Answer:
Verified
Correct Answer:
Verified
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