Which of the Following Would Be Included in the Entry

question 62

Multiple Choice

Which of the following would be included in the entry to record a company's repurchase of 10 000 ordinary shares for $7.50 per share?

• A)Retained earnings would be debited for $75 000.
• B)Ordinary share capital would be debited for $75 000.
• C)Cash would be debited for $75 000.
• D)Ordinary share capital would be credited for $75 000.

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