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Business, 19.12.2019 04:31 iixyloa

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 $17 per share. how much gain or loss should ames report on its income statement as a result of these transactions?

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Ames corporation repurchases 10,000 shares of its common stock for $12 per share. the shares were or...
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