Question: When shares are repurchased and held in treasury, and the purchase is at more than the original issue price, the journal entry to record the

When shares are repurchased and held in treasury, and the purchase is at more than the original issue price, the journal entry to record the repurchase potentially includes which of the following components under the single-transaction method?

Account Debit to share capital Debit to contributed surplus Debit to retained

Account Debit to share capital Debit to contributed surplus Debit to retained earnings Debit to treasury shares Debit to accumulated other comprehensive income (AOCI) Credit to share capital Transaction potentially affects this account in the manner indicated (Yes/No)

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