Question: please make answer neat & clearly typed answer is better Multiple-Choice Exercise 10-6 Ames Corporation repurchases 10,000 shares of its common stock for $12 per

please make answer neat & clearly typed answer is better

please make answer neat & clearly typed answer is

Multiple-Choice Exercise 10-6 Ames Corporation repurchases 10,000 shares of its common stock for $12 per share. The shares were originally issued at an average price of $10 per share. Later it resells 6,000 of the shares for $15 per share and the remaining 4,000 shares for 517 per share. How much gain or loss should Ames report on its income statement as a result of these transactions Oa. 520,000 loss Ob. $0 c. $38,000 yain Od. $20,000 loss and $38.000 gain

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