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The text states that the cost method is normally used to record the purchase and...

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Accounting

The text states that the cost method is normally used to record the purchase and resale of treasury stock. This means a purchase of treasury stock by a corporation is recorded as a debit to treasury stock of

the purchase price.

par value.

either the purchase price or par value, depending on the circumstances surrounding the purchase.

paid-in capital in excess of par.

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