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The following information pertains to Questions 5 - 7: Prior to June 30 , a company has never
had any treasury stock transactions, On June 30 , the company repurchased 100 shares of its $1
par common stock for $40 per share. On July 20, it reissued 50 of these shares at $46 per share.
On August 1 , it reissued 20 of these shares at $38 per share.

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The following information pertains to Questions 5 - 7- Prior to June 3.pdf

  • 1. The following information pertains to Questions 5 - 7: Prior to June 30 , a company has never had any treasury stock transactions, On June 30 , the company repurchased 100 shares of its $1 par common stock for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1 , it reissued 20 of these shares at $38 per share.