Equity Accounts. Look back at Table 5.8. a. Suppose that Heinz issues 10 million shares at $55

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Equity Accounts. Look back at Table 5.8.

a. Suppose that Heinz issues 10 million shares at $55 a share. Rework Table 5.8 to show the company’s equity after the issue.

b. Suppose that Heinz subsequently repurchased 500,000 shares at $60 a share. Rework part

(a) to show the effect of the further change.

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