A corporation reacquired 450 shares of its $100 par-value common stock for $112 a share. The entry to record this transaction includes a
A) debit to Treasury Stock-Common for $50,400.
B) debit to Treasury Stock-Common for $45,000.
C) credit to Paid-in Capital for Treasury Stock Transactions-Common for $45,000.
D) credit to Treasury Stock-Common for $50,400.
Correct Answer:
Verified
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