Wilson corp. purchased its own par value stock on january 1, Ask an Expert

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Wilson Corp. purchased its own par value stock on January 1, 2007 for $20,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $12,000. The $8,000 difference between the cost and sales price should be recorded as a deduction from ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971716

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