Solution-Determines cost as the weighted average cost

Determines cost as the weighted average cost

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1. In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share. By what amount will Cox's paid-in capital-share repurchase increase if it now sells 1 million treasury shares at $29 per share and determines cost as the weighted-average cost of treasury shares?

Reference no: EM131002306

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Determines cost as the weighted average cost

Reference no: EM131002306

Reference no: EM131002306

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