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n January 2020, Sheridan Company, a newly formed company, issued 11300 shares of its $10 par common stock for $15 per share. On July 1,

n January 2020, Sheridan Company, a newly formed company, issued 11300 shares of its $10 par common stock for $15 per share. On July 1, 2020, Sheridan Company reacquired 1130 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares

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