Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital...
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Accounting
Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. Mango employs over 92,000 people in the United States. A recent statement of cash flows contained the following information (in millions):
| Year 3 | Year 2 | Year 1 | ||||||
| Cash flows from financing activities: | ||||||||
| Repurchases of common stock | (115.4 | ) | (399.9 | ) | 0 | |||
1. Prepare the journal entry to record the purchase of treasury stock in Year 3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
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