Business, 11.09.2019 05:30 ehaynie

On september 1, 2012, valdez company reacquired 16,000 shares of its $10 par value common stock for $15 per share. valdez uses the cost method to account for treasury stock. the journal entry to record the reacquisition of the stock should debit
a. treasury stock for $160,000.
b. common stock for $160,000.
c. common stock for $160,000 and paid-in capital in excess of par for $60,000.
d. treasury stock for $240,000

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On september 1, 2012, valdez company reacquired 16,000 shares of its $10 par value common stock for...

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