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The Jennings Group reacquired 3 million of its shares at $62 per share as treasury stock. Last year, for the first time, Jennings sold 1
The Jennings Group reacquired 3 million of its shares at $62 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $63 per share. By what amount will Jennings' retained earnings decline if it now sells the remaining 2 million treasury shares at $59 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Retained earnings will decline by million
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