The entry to record the reissuance of treasury shares above their original acquisition cost includes Select the correct response: a debit to share premium a debit to retained earnings a credit to share premium a debit to both share premium and retained earnings

The entry to record the reissuance of treasury shares above their original acquisition cost includes Select the correct response: a debit to share premium a debit to retained earnings a credit to share premium a debit to both share premium and retained earnings

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The entry to record the reissuance of treasury shares above their original acquisition cost includes
Select the correct response:
a debit to share premium
O a debit to retained earnings
a credit to share premium
a debit to both share premium and retained earnings

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