Reduces the number of issued shares. | |
Does not reduce the number of authorized shares. | |
Removes all paid-in capital amounts related to the retired shares. | |
Reduces retained earnings if the purchase price exceeds the net amount removed from paid-in capital. | |
→ | All of these. |
Wednesday, March 13, 2013
Accounting Midterm Exam ACG-2011: Question 58
9:44 AM
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The retirement of stock:
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