Solved: What amount will coxs paid-in capital-share repurchase, Accounting Basics

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What amount will coxs paid-in capital-share repurchase

Question - In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at $28 per share.

What amount will Cox's paid-in capital-share repurchase increase if it now sells 2 million treasury shares at $32 per share and determines the cost of treasury shares by the FIFO method?

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Accounting Basics: What amount will coxs paid-in capital-share repurchase

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Accounting Basics: What amount will coxs paid-in capital-share repurchase

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