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Brief Exercise 18-5 (Algo) Retirement of shares (L018-5) Horton Industries shareholders' equity included 120 million shares of S1 par common stock and a balance in

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Brief Exercise 18-5 (Algo) Retirement of shares (L018-5) Horton Industries shareholders' equity included 120 million shares of S1 par common stock and a balance in paid-in capital - excess of par of $1,080 million Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid in capital decline if it reacquires 1 million shares at $7.00 per share? (Enter your answer in millions (ie., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Total paid in capital wil decline by 0 milion

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