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    Principles of Accounting
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    Exam 12: Contributed Capital
  5. Question
    A Company Purchases 600 Shares of Its $100 Par Value
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A Company Purchases 600 Shares of Its $100 Par Value

Question 140

Question 140

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A company purchases 600 shares of its $100 par value common stock at $110 per share. It then reissues 100 shares at $114 per share. The entry upon reissue of the stock is A company purchases 600 shares of its $100 par value common stock at $110 per share. It then reissues 100 shares at $114 per share. The entry upon reissue of the stock is

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