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Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2? Multiple Choice $5,050, $2,600 $2,600. O $1,200 O $100 O O $0
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