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On October 1, 2015, Adoll Company Acquired 1,000 Shares of Its

Question 48

Multiple Choice

On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock?

A) On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock? A) B) C) D)
B) On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock? A) B) C) D)
C) On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock? A) B) C) D)
D) On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock? A) B) C) D)

On October 1, 2015, Adoll Company Acquired 1,000 Shares of Its

Multiple Choice

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