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Business, 17.04.2020 02:51 mariah10455

In 2020, Sunland Company acquired 14700 shares of its own $1 par value common stock at $16 per share. In 2021, Sunland issued 9700 of these shares at $23 per share. Sunland uses the cost method to account for its treasury stock transactions. What accounts and what amounts should Sunland credit in 2021 to record the issuance of the 9700 shares

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In 2020, Sunland Company acquired 14700 shares of its own $1 par value common stock at $16 per share...
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