Question 4 In 2020, Vaughn Manufacturing acquired 15500 shares of its own $1 par value...
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Accounting
Question 4 In 2020, Vaughn Manufacturing acquired 15500 shares of its own $1 par value common stock at $16 per share. In 2021, Vaughn issued 10500 of these shares at $25 per share. Vaughn uses the cost method to account for its treasury stock transactions. What accounts and what amounts should Vaughn credit in 2021 to record the issuance of the 10500 shares? Treasury Stock Additional Paid-in Capital Retained Earnings Common Stock $252000 $10500 $157500 $94500 $10500 $168000 $163000 $168000 $94500
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