Horton Industries shareholders equity included 130 million shares of $1 par common stock and a...
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Accounting
Horton Industries shareholders equity included 130 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $1,300 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Hortons total paid-in capital decline if it reacquires 2 million shares at $9.50 per share?
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