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When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to: Retained Earnings. Paid-in Capital from Treasury Stock. Loss on Sale of Treasury Stock. Paid-in Capital in Excess of Par Value.
When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to Paid-in Capital from Treasury Stock.
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Asked 6/25/2013 1:46:37 PM
Updated 267 days ago|2/19/2018 8:06:54 AM
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Edited by Masamune [2/19/2018 8:06:15 AM]
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When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to Paid-in Capital from Treasury Stock.
Added 267 days ago|2/19/2018 8:06:54 AM
This answer has been confirmed as correct and helpful.
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When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. True False
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Updated 42 days ago|10/1/2018 12:55:33 PM
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When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. TRUE.
Added 42 days ago|10/1/2018 12:55:32 PM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [10/1/2018 1:15:55 PM], matahari [10/1/2018 1:15:55 PM], Rated good by matahari
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