When Shares Are Repurchased at an Amount Different from Their

question 33

Essay

When shares are repurchased at an amount different from their original issue price,then held in treasury or cancelled,will the journal entry affect the following components?
Share capital
Contributed surplus
Treasury stock
Loss/gain on share retirement
Accumulated other comprehensive income
Appropriated reserves
Unappropriated retained earnings

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Definitions:

Least Squares Estimate

A method in statistics for estimating the best-fitting line to a set of points by minimizing the sum of the squares of the differences between the observed values and the values provided by the model.

Slope

This term describes the rate at which a line ascends or descends, calculated as the change in the y-axis divided by the change in the x-axis for any two points on the line.

Coefficient Of Determination

A statistical measure, denoted as R², that represents the proportion of the variance for a dependent variable that's explained by an independent variable(s) in a regression model.