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Charmed, Inc. reacquired 5,000 shares of its $15-par common stock for $13/share. The debit to...

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Question

Accounting

Charmed, Inc. reacquired 5,000 shares of its $15-par common stock for $13/share. The debit to Treasury Stock will be

a) $65,000

b) $75,000

c) $10,000

d) based on the last treasury stock transaction

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