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Ch18A,B HW Saved Help Save & Exit Submit 1 5 points eBook Print References Brief Exercise 18-6 (Algo) Retirement of shares [LO18-5] Agee Storage issued
Ch18A,B HW Saved Help Save & Exit Submit 1 5 points eBook Print References Brief Exercise 18-6 (Algo) Retirement of shares [LO18-5] Agee Storage issued 42 million shares of its $1 par common stock at $17 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $15 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee's total paid-in capital decline if it now reacquires 1 million shares at $20 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million
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