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Business, 21.08.2020 01:01 ayoismeisalex

In Year 8, Seda Corp. acquired 6,000 shares of its $1 par value common stock at $36 per share. During Year 9, Seda issued 3,000 of these shares at $50 per share. Seda uses the cost method to account for its treasury stock transactions. What accounts and amounts should Seda credit in Year 9 to record the issuance of the 3,000 shares

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In Year 8, Seda Corp. acquired 6,000 shares of its $1 par value common stock at $36 per share. Durin...

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