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What journal entry to record the reacquisition of the shares

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Problem 1: On September 1, 2019, XYZ Company reacquired 12,000 shares of its P10 par value ordinary shares for P15 per share. XYZ uses the cost method to account for treasury shares. The journal entry to record the reacquisition of the shares should debit

Reference no: EM132885294

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