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Argue and Fibbs Lawyer Corporation Repurchased 200 Shares on June

Question 80

Multiple Choice

Argue and Fibbs Lawyer Corporation repurchased 200 shares on June 1,for $10,000,to be kept in the treasury.On July 1,it reissued 50 of these shares at $52 per share.On August 1,it reissued the rest of the treasury shares at $49 per share.What is the balance in the Contributed Capital,Treasury Shares account on September 1?


A) $5,050.
B) $2,600.
C) $100.
D) $50.
E) $-0-.

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