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ACCT 302 Intermediate Accounting Assignment Problem

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ACCT 302 Intermediate Accounting Assignment - Liberty University, USA

Question - Horton Industries' shareholders' equity included 220 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,760 million.

Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid-in capital decline if it reacquires 5 million shares at $6.00 per share?

Reference no: EM132436222

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ACCT 302 Intermediate Accounting Assignment Problem : ACCT 302 Intermediate Accounting Assignment Help and Solution, Liberty University, USA. What amount will Horton's total paid-in capital decline
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