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Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Fobruary 1 Purchased 570 shares of
Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Fobruary 1 Purchased 570 shares of the company's orn common stock at $37 cash per share; the stock is now held in treasury. Joly 15 Issued 185 of the shares purchased on Pebruary 1 for $47 cash per share. September 1 issued 145 more of the shares purchased on February 1 for $32 cash per share. 4. What impact does the reissuance of treasury stock for an amount higher than the purchase price have on net income
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