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A Corporation Does Not Make a Journal Entry When

Question 59

Multiple Choice

A corporation does not make a journal entry when:


A) a shareholder exchanges the shares for cash with a different investor.
B) shares are repurchased by the corporation at a price greater than their issue price.
C) shares are repurchased by the corporation at a price less than their issue price.
D) the corporation sells its treasury stock for cash to an investor.

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