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In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at $28 per share. By
In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at $28 per share. |
By what amount will Coxs paid-in capitalshare repurchase increase if it now sells 2 million treasury shares at $32 per share and determines cost of treasury shares by the FIFO method? (Enter your answer in millions.)
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