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during its second quarter of the operations, grand repurchased 1,000 shares at $18 per share. Those shares had been issued earlier at 20$ per share.
during its second quarter of the operations, grand repurchased 1,000 shares at $18 per share. Those shares had been issued earlier at 20$ per share. as part of this transaction:
A) Total stockholders equity dropped by $18,000
B)Grand lost 2$ per share
C) Retained earnings will be reduced by $2,000
D) All of the above
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
