Crane Corp's shareholders' equity at January 1, 2023 was: Common shares, no par value; authorized 203500...
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Crane Corp's shareholders' equity at January 1, 2023 was: Common shares, no par value; authorized 203500 shares; outstanding 79000 shares Retained earnings Total During 2023, Crane had the following share transactions: $1027000 The journal entry to record the retirement would be Acquired 2000 common shares for $28000 and cancelled them No other share transactions occurred during 2023. 733000 $1760000 Crane Corp's shareholders' equity at January 1, 2023 was: Common shares, no par value; authorized 203500 shares; outstanding 79000 shares Retained earnings Total During 2023, Crane had the following share transactions: $1027000 The journal entry to record the retirement would be Acquired 2000 common shares for $28000 and cancelled them No other share transactions occurred during 2023. 733000 $1760000
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The journal entry to record the retirement of 2000 common shares would be as follows Date Date of re... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
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