By what amount will Cox paid-in capital - share increase

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Question - In previous years, Cox Transport reacquired 3 million treasury shares at $16 per share and, later, 2 million treasury shares at $21 per share.

By what amount will Cox's paid-in capital - share repurchase increase if Cox now sells 2 million treasury shares at $24 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).)

Reference no: EM132564448

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