On April 10,2022, Amelia Incorporated purchased 1,800 shares of its own common stock in the...
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Accounting
On April Amelia Incorporated purchased shares of its own common stock in the market for $ per share. On September the company sold of these shares in the open market at a price of $ per share.
MiniExercise Static Horizontal model
Required:
Use the horizontal model to show the effects on Amelia Incorporateds financial statements of the purchase of the treasury stock on April Indicate the financial statement effect.
Use the horizontal model to show the effects on Amelia Incorporateds financial statements of the sale of the treasury stock on September Indicate the financial statement effect.
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