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Required information Mini-Exercise 8-4 (Algo) Treasury stock transactions LO 6 [The following information applies to the questions displayed below.] On April 10, 2019, Amelia Inc.
Required information Mini-Exercise 8-4 (Algo) Treasury stock transactions LO 6 [The following information applies to the questions displayed below.] On April 10, 2019, Amelia Inc. purchased 675 shares of its own common stock in the market for $33 per share. On September 28, 2019, the company sold 405 of these shares in the open market at a price of $34 per share. Mini-Exercise 8-4 (Algo) - Horizontal model Required: a. Use the horizontal model to show the effects on Amelia Inc.'s financial statements of the purchase of the treasury stock on April 10, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Assets Liabilities Stockholders' Equity Net Income II + Income Statement Revenues Expenses
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