The Entry to Record the Reacquisition of Common Shares at a Cost

question 82

Multiple Choice

The entry to record the reacquisition of common shares at a cost higher than the average issue cost requires a

• A) debit to Common Shares.
• B) debit to Loss on Repurchase of Common Shares.
• C) credit to Common Shares.
• D) credit to Retained Earnings.

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