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Record the treasury stock related transactions

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Question - At its date of incorporation, Glean, Inc., issued 100,000 shares of its $10 par common stock at $11 per share. During the current year, Glean acquired 30,000 shares of its common stock at a price of $16 per share. Subsequently, half of these treasury stocks were reissued at a price of $12 per share. Record the treasury stock related transactions using:

a. Cost method

b. Par-value method

Reference no: EM132882528

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