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How To record the reacquisition Entity A should

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Problem 1: On February 26. 20x1 Entity A acquires 10,000 of its own shares for $3 per share. The shares have a par value of $1 and were selling in the stock market at $4 per share on this date. To record the reacquisition, Entity A should

A. debit Treasury share account for $30,000

B. credit Treasury share account for $30,000

C. debt share premium account for $10,000

D. credit Treasury shares account for $40,000

Reference no: EM132718350

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