Business, 21.05.2020 00:04 chilanka

G During fiscal 2011, we repurchased with cash (i. e., bought) 2 million shares of common stock for an aggregate purchase cost of $700 million. We reissued (i. e., sold) 5 million shares of common stock held in treasury for $2000 million in cash during fiscal 2011. The cost basis of the 5 million shares of treasury stock reissued is $300 per share. What journal entries did ALM record in its treasury stock transactions in 2011

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G During fiscal 2011, we repurchased with cash (i. e., bought) 2 million shares of common stock for...

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