QUESTION 18 Central Concrete Inc. issues 200,000 no-par value shares for $150 per share in...
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QUESTION 18 Central Concrete Inc. issues 200,000 no-par value shares for $150 per share in 2017. Three years later, it repurchases 30,000 of these shares for $80 per share Central records the repurchase in which of the following ways? O Debit Cash for S4.5 million, credit Common shares for $2.4 million and credit Contributed Surplus for $2.1 million O Debit Common Shares for $45 million and credit Cash for $2.4 million and Contributed Surplus for $2.1 million O Debit Common Shares for $2.4 million, debit Cash for $2.1 million and credit Contributed Capital for S4.5 million O Debit Common Shares for $45, debit Contributed Surplus for $2.4 and credit Cash for $2.1 million
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