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11 Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 500 shares

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Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 500 shares of the company's own common stock at $30 cash per share; the stock is now held in treasury. July 15 Issued 150 of the shares purchased on February 1 for $40 cash per share. September 1 Issued 110 more of the shares purchased on February 1 for $25 cash per share. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income

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