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Accounting for Treasury Stock On August 19, Portland Corporation repurchases 1,700 shares of its outstanding...

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Accounting

Accounting for Treasury Stock On August 19, Portland Corporation repurchases 1,700 shares of its outstanding common stock for $14 per share. On October 31, Portland sells 1,020 shares of treasury stock for $15 per share. Any additional sales of treasury stock during the year were sold for $8 per share. On December 31, Portland had no remaining treasury stock

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