Question: When a company with no contributed surplus reacquires its own shares at a cost greater than their average per share amount, the loss is debited

When a company with no contributed surplus reacquires its own shares at a cost greater than their average per share amount, the loss is debited to

Loss on Reacquisition of Common Shares.

Retained Earnings.

Common Shares.

Contributed Surplus - Reacquisition of Shares.

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