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If the Entry to Record the Retirement of Treasury Stock

Question 32

Multiple Choice

If the entry to record the retirement of treasury stock contains a credit to a Paid-in Capital, Retirement of Stock account, it is apparent that the


A) cost of the treasury shares was less than par value.
B) cost of the treasury shares was greater than the original issuance price of the shares.
C) cost of the treasury shares was less than the original issuance price of the shares.
D) original issuance price of the shares was less than par value.

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