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On March 3, Colton Corporation has a Common Share account balance of $200,000, and has 20,000 shares issued. For the first time ever, Colton reacquired

On March 3, Colton Corporation has a Common Share account balance of $200,000, and has 20,000 shares issued. For the first time ever, Colton reacquired and cancelled 1,000 of its common shares, paying $12 a share.

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