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issued at $24 per share. Par value is $1 and outstanding. The shares were repurchases 8,000 shares paying cash of $20 per share. a. What

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issued at $24 per share. Par value is $1 and outstanding. The shares were repurchases 8,000 shares paying cash of $20 per share. a. What values would be shown on Lusaka's balance sheet for the issued shares prior to the repurchase? Common stock: $ Additional paid-in capital: \$ b. Record the journal entry for the share repurchase choosing from the following account abbreviations: CASH= cash; CS= common stock; RE = retained earnings; TS= treasury stock; APIC = additional paid-in capital. Debit: Credit: c. Calculate the total book value of common stock after the share repurchase: $ d. How many shares are outstanding after the repurchase? e. On Dec. 15, Lusaka declares a cash dividend of $2.00 per share to be paid on Jan. 25. What is the total amount of cash dividend that Lusaka will pay on Jan. 25? Hint: first determine the number of shares

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