On January 2, Patent Co. issued 10,000 shares of $1 par value common stock for...
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Accounting
On January Patent Co issued shares of $ par value common stock for $ per share. On June Patent reacquired shares for $ per share. On November Patent resold of the shares for $ per share. If Patent uses the cost method, which of the following statements is true?
Multiple choice question.
On November Treasury stock will be credited for $
On November Paidin capital from treasury stock will be credited for $
On June Treasury stock will be debited for $
On January Common stock will be debited for $
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