When a corporation retires shares of issued common stock,the common stock account is credited for the par value of the stock.

Name: When a corporation retires shares of issued common stock,the common stock account is credited for the par value of the stock.
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When a corporation retires shares of issued common stock, the common stock account is debited for the par value of the stock, reducing the total number of shares outstanding.

When a Corporation Retires Shares of Issued Common Stock,the Common