If treasury stock is re-issued at a price less than its cost,the debit entry could include:

Name: If treasury stock is re-issued at a price less than its cost,the debit entry could include:
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Question

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When treasury stock is re-issued at a price less than its cost, the company incurs a loss. The debit entry in the journal entry would include both the Paid-in Capital in Excess of Par, Treasury and Retained Earnings accounts to account for this loss. Therefore, choice D is the correct answer.

If Treasury Stock Is Re-Issued at a Price Less Than