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CHAPTER 18 3. In previous years, Cox Transport reacquired 2 million treasury shares at $20...

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Accounting

CHAPTER 18

3. 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 Coxs paid-in capitalshare repurchase increase if it now sells 1 million treasury shares at $27 per share and determines cost as the weighted-average cost of treasury shares?

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