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The Jennings Group reacquired 3 million of its shares at $78 per share as treasury stock. Last year, for the first time Jennings sold 2
The Jennings Group reacquired 3 million of its shares at $78 per share as treasury stock. Last year, for the first time Jennings sold 2 million treasury shares at $79 per share. By what amount will Jennings retained earnings decline if it now sells the remaining 1 million treasury shares at $75 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) etained earnings will decline by million
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