Question: Crane corparation's general ledge inclues contributed surplus $10,000, common shares 240,000, Reatined earnings 88000. the contrubted surplus arose from net excess of proceeds over cost

Crane corparation's general ledge inclues contributed surplus $10,000, common shares 240,000, Reatined earnings 88000. the contrubted surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. the Average cost of the common shares bought and cancelled in the first two transcation shown below is 32 per share

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