Business
Business, 16.12.2021 23:40, mandyj5477

Mountain View Co. buys back 3,000 shares of its $10 par value common stock from investors at $126 per share. This stock repurchase would be recorded with a debit to: Multiple Choice Cash and a credit to Treasury Stock for $378,000. Treasury Stock and a credit to Cash for $30,000. Treasury Stock and a credit to Cash for $378,000. Treasury Stock for $30,000, a debit to Additional Paid-in Capital for $348,000, and a credit to Cash for $378,000.

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Mountain View Co. buys back 3,000 shares of its $10 par value common stock from investors at $126 pe...

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