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Question 18 of 20 -/1 = View Policies Current Attempt in Progress Calypso Inc.issues 100,000 shares at $10 / share in January.Later that year the
Question 18 of 20 -/1 = View Policies Current Attempt in Progress Calypso Inc.issues 100,000 shares at $10 / share in January.Later that year the company is able to repurchase 9,000 of these shares at $11 per share. The balance in the contributed surplus account is $0 prior to the share repurchase. The effect of this is O a decrease to the share capital account of $99,000. O an increase to the contributed surplus account of $9,000. a increase to total shareholders' equity of $99,000. O a decrease in retained earnings by $9,000. Save for Later Attempts: 0 of 1 used Submit
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