What amount will ginger trails retained earnings decline

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Reference no: EM133440960

Question: The Ginger Trails Corp. reacquired 2 million of its shares at $70 per share as treasury stock. Last year, for the first time, Ginger Trails sold 1 million treasury shares at $71 per share. By what amount will Ginger Trails' retained earnings decline if it now sells the remaining 1 million treasury shares at $64 per share?

Reference no: EM133440960

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