Business, 05.05.2020 16:29 magicpuppydance

Concord Corporation acquired 21200 shares of its own common stock at $22 per share on February 5, 2017, and sold 10600 of these shares at $29 per share on August 9, 2018. The fair value of Concord's common stock was $26 per share at December 31, 2017, and $27 per share at December 31, 2018. The cost method is used to record treasury stock transactions. What account(s) should Concord credit in 2018 to record the sale of 10600 shares

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Concord Corporation acquired 21200 shares of its own common stock at $22 per share on February 5, 20...

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