Cotton Company has 13,000 shares issued of $2 par common stock. The company currently has 1,000...
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Cotton Company has 13,000 shares issued of $2 par common stock. The company currently has 1,000 shares at a total cost of $8,000 as treasury stock. If the company buys another 5,000 shares of treasury stock at $8 per share, then stock issued would be OA. 12,000 shares OB. 6,000 shares OC. 13,000 shares D. 7,000 shares Cotton Company has 13,000 shares issued of $2 par common stock. The company currently has 1,000 shares at a total cost of $8,000 as treasury stock. If the company buys another 5,000 shares of treasury stock at $8 per share, then stock issued would be OA. 12,000 shares OB. 6,000 shares OC. 13,000 shares D. 7,000 shares
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Option C Reason Company has issued 13000 shares at 2 per share Pur... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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