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1. Refer to the situation described in BE 18-9. By what amount will Cox's paid-in capital-share repurchase increase if it determines the cost of treasury shares by the FIFO method?
Determined the market value of the land to be $18,000 at the end of the accounting period.
VTC paid the net-of-discount amount on January 6, 2012. Prepare the journal entries on December 28 and January 6 to record the purchase and payment.
Receipt of the first payment, and the recognition of revenue (assume Baylor uses the perpetual inventory method).
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