CFA Level 1 Exam

3959 Questions

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Question No. 1

Holiday Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in 1994 for

$120,000. On December 12, 1996, Holiday reissued all 10,000 shares for $190,000. Under the cost method of
accounting for treasury stock, the reissuance resulted in increasing
Choose the correct option from the given list.
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