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The authorized share capital of the Alfred Cake Company is 140,000 shares. Currently 29,000 shares are issued and outstanding. The equity is currently shown in

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The authorized share capital of the Alfred Cake Company is 140,000 shares. Currently 29,000 shares are issued and outstanding. The equity is currently shown in the company's books as follows: What would happen to the company's books if instead it bought back 1,180 shares at $8.06 per share? The average issue price of these shares was $8.06. (Round your answers to 1 decimal place.)

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