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Anika [276]
2 years ago
14

Fill in the blank question. Dilution Solutions, Inc. repurchased 1,000 shares of its $1 par value common stock for $5,000. The j

ournal entry to record this transaction includes a $5,000 to Treasury Stock
Business
1 answer:
Rama09 [41]2 years ago
4 0

Dilution Solutions, Inc. repurchased 1,000 shares of its $1 par value common stock for $5,000. The journal entry to record this transaction includes a $5,000 to Treasury Stock Debit

<h3>What is  journal?</h3>

A general journal is a daybook or subsidiary journal that records transactions such as adjustment entries, opening stock, depreciation, accounting errors, and so on. Journal vouchers, copies of management reports, and invoices are examples of source documents for general journal entries.

A journal is a diary that you keep of daily events or your thoughts, or a publication that deals with a specific industry or field. A diary is an example of a journal in which you write about what happens to you and what you are thinking.

An accounting journal is a detailed record of a company's financial transactions. Because it is the first place where transactions are recorded, it is also known as the book of original entry.

To know more about  journal follow the link:

brainly.com/question/14279491

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1) Explain in brief the creations of controlled environment for off season vegetable farming.
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4 0
3 years ago
Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th
Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

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