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Gaines share. During the current year, 1,000 of these shares were reacquired for $20 each. 500 treasury shares are subsequently reissued at $25 per share.

Originally issued 15,000 shares of $10 par value common stock at $15 per

A. The reissuance entails a credit to Treasury Stock for $12,500.

B. The reissuance entails a credit to Treasury Stock for $5,000.

C. The reissuance entails a credit to Treasury Stock for $10,000.

D. The reissuance entails a credit to Treasury Stock for $2,500.

E. None of these.

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Accounting Basics, Accounting

Category:- Accounting Basics
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