Question: Using the data from E8-19, indicate the effects on net assets and EPS for the following transactions: 1. Purchase of the Treasury stock on April
1. Purchase of the Treasury stock on April 2.
2. Sale of the Treasury stock on January 25 of the following year.
Data from E8-19
Banff Water Inc. bottles and distributes spring water. On April 2 of the current year, Banff Water Inc. reacquired 30,000 shares of its common stock at $33 per share.
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