Required information Skip to question [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 600 shares of the companys own common stock at $40 cash per share; the stock is now held in treasury. July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share. Sept. 1 Issued 160 more of the shares purchased on February 1 for $35 cash per share. What impact does the purchase of treasury stock have on dividends paid?

3. What impact does the purchase of treasury stock have on dividends paid? Dividends paid is paid on treasury stock. Therefore, the total amount of when treasury stock is purchased