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r 18 Homework Assignment 6 Saved Agee Storage issued 41 million shares of its $1...

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r 18 Homework Assignment 6 Saved Agee Storage issued 41 million shares of its $1 par common stock at $16 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $14 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee's total paid-in capital decline if it now reacquires 1 million shares at $20 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million Reference links Acc are Prev of 9 Next

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