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In previous years, Orange Computer reacquired 2 million treasury shares at $21 per share and, later, 4 million treasury shares at $27 per share. What
In previous years, Orange Computer reacquired 2 million treasury shares at $21 per share and, later, 4 million treasury shares at $27 per share. What will be the credit to Treasury Stock if it now sells 3 million treasury shares at $30, and determines the cost of treasury shares sold on the Average Cost basis?
Group of answer choices
$75 million
$25 million
$81 million
$74 million
Could you please help me understand the answer to this problem and how you come to that conclusion? Thank you!!
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