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E11-8(Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3]Skip to question[The...

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Accounting

E11-8(Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3]Skip to question[The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1Purchased 590 shares of the companys own common stock at $39 cash per share; the stock is now held in treasury.July 15Issued 195 of the shares purchased on February 1 for $49 cash per share.September 1Issued 155 more of the shares purchased on February 1 for $34 cash per share.

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