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On October 31, the stockholders' equity- section of Manolo Company's balance sheet consists of common stock $648,000 and retained earnings $400,000. Manolo is considering the

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On October 31, the stockholders' equity- section of Manolo Company's balance sheet consists of common stock $648,000 and retained earnings $400,000. Manolo is considering the following two courses of action: The current market price is $17 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares

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