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In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and,...

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Accounting

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 Cox now sells 1 million treasury shares at $29 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).)

The answer is not $20 million

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