Business, 21.05.2020 06:02 clickbaitdxl

In 2018, borland semiconductors entered into the transactions described below. In 2015, borland had issued 215 million shares of its $1 par common stock at $47 per share.

Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:

a. On january 2, 2018, borland reacquired 11 million shares at $45.00 per share.
b. On march 3, 2018, borland reacquired 11 million shares at $50 per share.
c. On august 13, 2018, borland sold 1 million shares at $55 per share.
d. On december 15, 2018, borland sold 2 million shares at $50 per share.

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In 2018, borland semiconductors entered into the transactions described below. In 2015, borland had...

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