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Question 8 5 points During June of the current year, Al Ain Corporation reacquired 6,000 shares of its ordinary stock at 80 AED per

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Question 8 5 points During June of the current year, Al Ain Corporation reacquired 6,000 shares of its ordinary stock at 80 AED per share. In August of the same year, the company sold 4,000 of the reacquired shares at 90 AED per share. Required: a. journalize the transactions of june and August. (2 Marks) b. Give at least 3 reasons why companies might buy their own shares (treasury stock) (3 Marks)) al T+F10 (PC) or ALT+FN+F10 (Mac).

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