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Coronado Inc. has a total of 100000 common shares issued and outstanding with a balance in its Common Shares account of $460000. On February 8,
Coronado Inc. has a total of 100000 common shares issued and outstanding with a balance in its Common Shares account of $460000. On February 8, Coronado reacquired 15200 of its common shares at a market price of $4.50 per share. To record this reacquisition Coronado would debit the Common Shares account for
$60800.
$68400.
$69920.
$76000.
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