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Kellco wants to prevent an un-friendly take over and on 4/15/18 purchase 1,700,000 shares of its' common stock on the NYSE for $30 per share.
Kellco wants to prevent an un-friendly take over and on 4/15/18 purchase 1,700,000 shares of its' common stock on the NYSE for $30 per share. The take over failed and on 9/2/18 Mikeco sold 1,200,000 shares of the stock it purchased on 4/15/18 for $32 per shear. On 12/8/18 Mikeco sold and additional 300,000 shears of its' Treasury Stock for $20 per share. Required (18pts.): Make all the required entries to record the information given above
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