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ISSUANCE AND REPURCHASE PRACTICE Doodle Sketch IPO: sold 1,000 shares of $0.01 par value common stock for $18 per share Assets Liabilities They repurchased 200

ISSUANCE AND REPURCHASE PRACTICE Doodle Sketch IPO: sold 1,000 shares of $0.01 par value common stock for $18 per share Assets Liabilities They repurchased 200 shares at $25 Assets Liabilities They reissued 100 shares out of Treasury Stock at $30 Assets Liabilities Equity Equity Equity 5

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