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How much is the treasury stock account debited

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Problem 1: Two years ago, Carlisle Industries commenced its business by issuing 250,000 shares of $0.50 par value stock for $28 per share. During the fourth quarter of the current year, the company repurchased 1,000 shares at $45 per share. Assuming that there have been no stock repurchases to date, by how much is the treasury stock account debited for this buyback transaction?

Reference no: EM132883121

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