The Jennings Group reacquired 2 million of its shares at $54 per share as treasury...
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Accounting
The Jennings Group reacquired 2 million of its shares at $54 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $55 per share. If Jennings now sells the remaining 1 million treasury shares at $51 per share, by what amount will retained earnings decline?
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