In 2020, Elle Corp

question 90

Short Answer

In 2020, Elle Corp. acquired 9,000 of its own no par value common shares at $ 18 per share, to be held in the treasury. In 2021, Elle sold 6,000 of these shares at $ 25 per share. What accounts and what amounts should Elle credit in 2021 to record this sale?

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Definitions:

Peripheral Vision

The part of a person's field of vision that occurs outside the direct line of sight, enabling the detection of objects and movement outside the direct point of focus.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time, helping organisms to focus on changes in their environment.

Saccades

Rapid, abrupt movements of the eyes that change the point of fixation.

Transduction

The process of converting one form of energy into another, as in sensory processing or in the genetic alteration of bacteria by viruses.