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4 Check my work ! Required information 1 . 3 3 points eBook Hint Print References Help Save & Exit Submit Mini - Exercise 8
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MiniExercise Algo Treasury stock transactions LO
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On April Amelia Incorporated purchased shares of its own common stock in the market for $ per share. On September the company sold of these shares in the open market at a price of $ per share.
MiniExercise Algo Horizontal model
Required:
a Use the horizontal model to show the effects on Amelia Incorporated's financial statements of the purchase of the treasury stock on April Indicate the financial statement effect.
b Use the horizontal model to show the effects on Amelia Incorporated's financial statements of the sale of the treasury stock on September Indicate the financial statement effect.
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