In previous years, Cox Transport reacquired 2 million treasury shares at $10 per share and, later,...

Transcribed Image Text:

In previous years, Cox Transport reacquired 2 million treasury shares at $10 per share and, later, 1 million treasury shares at $16 per share. If Cox now sells 2 million treasury shares at $19 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital - share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) 8 Answer is complete but not entirely correct. Paid-in capital-share repurchase will increase by $ 18 X million In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share. By what amount will Cox's paid-in capital - share repurchase increase if Cox now sells 1 million treasury shares at $27 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).) Paid-in capital-share repurchase will increase by $ 13 million In previous years, Cox Transport reacquired 2 million treasury shares at $10 per share and, later, 1 million treasury shares at $16 per share. If Cox now sells 2 million treasury shares at $19 per share and determines cost as the weighted-average cost of treasury shares, by what amount will Cox's paid-in capital - share repurchase increase? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) 8 Answer is complete but not entirely correct. Paid-in capital-share repurchase will increase by $ 18 X million In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share. By what amount will Cox's paid-in capital - share repurchase increase if Cox now sells 1 million treasury shares at $27 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).) Paid-in capital-share repurchase will increase by $ 13 million

Answer rating: 100% (QA)

Answer Part 1 1million1616 million 2 mill... View the full answer