Question
Assume that the balances in treasury stock of Oranges, Inc. at the beginning and at the end of the fiscal year ending 12/31/2019 are $73,056
Assume that the balances in treasury stock of Oranges, Inc. at the beginning and at the end of the fiscal year ending 12/31/2019 are $73,056 million and $67,101 million, respectively. The firm spent $66,897 million during the year 2019 on stock repurchases. Orange, Inc. usedits treasury stock for a variety of purposes during the year, including paying its employees compensation in stock, reissuing the treasury stock, possibly acquiring assets, etc., during the latest fiscal year. Determine thecost of such treasury stock Orange, Inc. so used (e.g., such as reissued, etc.,) during the fiscal year ending12/31/2019.
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