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On January 2, 2020, LexxMark Co. issues 2,000 convertible preference shares that have a par value of 20 per share. The shares were issued at

On January 2, 2020, LexxMark Co. issues 2,000 convertible preference shares that have a par value of 20 per share. The shares were issued at a price of 400 per share. On December 31, 2022, LexxMark Co. repurchases the convertible preference shares for 820,000. On this date, LexxMark will record

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