in previous years, Cox Transport reacquired 3 million treasury shares at $15 per share and, later, 2 million treasury shares at $20 per share.

By what amount will Cox’s paid-in capital—share repurchase increase if Cox now sells 3 million treasury shares at $23 per share and determines the cost of treasury shares by the FIFO method?

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22-06-2024
Business

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in previous years, Cox Transport reacquired 3 million treasury shares at $15 per share and, later, 2 million treasury shares at $20 per share.

By what amount will Cox’s paid-in capital—share repurchase increase if Cox now sells 3 million treasury shares at $23 per share and determines the cost of treasury shares by the FIFO method?

Sagot :

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