A company has 50.000 shares outstanding with a par value of 5 each. It acquires...
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Accounting
A company has 50.000 shares outstanding with a par value of 5 each. It acquires 9.000 of its own shares at a price of 21 each with the purpose of selling them at a later date. Which of the following would apply to the accounting entry for this transaction?
Select one:
a. Retained earnings would be credited by 189.000
b. Share capital would be debited by 45.000
c. Cash would be credited by 189.000
d. I want to leave this question blank
e. Retained earnings would be debited by 189.000
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