en treasury shares are rčissued at mmore than the reacquisition cost, the excess of the reissuance price over the cost is: Debited to the "Share Premium - Treasury Shares" account Debited to the "Retained Earnings" account Credited to the "Share Premium - Treasury Shares" account Credited to the "Retained Earnings" account

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 10C: Treasury Stock For numerous reasons, a corporation may reacquire shares of its own capital stock....
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What is the entry to record the declaration
of share split of the corporation?
Recorded only through memo entry
Recorded through journal entry
Not recorded
Either A or B
When treasury shares are reissued at more
than the reacquisition cost, the excess of
the reissuance price over the cost is: *
Debited to the "Share Premium - Treasury
Shares" account
Debited to the "Retained Earnings" account
Credited to the "Share Premium - Treasury
Shares" account
O Credited to the "Retained Earnings" account
Transcribed Image Text:What is the entry to record the declaration of share split of the corporation? Recorded only through memo entry Recorded through journal entry Not recorded Either A or B When treasury shares are reissued at more than the reacquisition cost, the excess of the reissuance price over the cost is: * Debited to the "Share Premium - Treasury Shares" account Debited to the "Retained Earnings" account Credited to the "Share Premium - Treasury Shares" account O Credited to the "Retained Earnings" account
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