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In previous years, Cox Transport reacquired 4 million treasury shares at $20 per share and, later, 1 million treasury shares at $25 per share. What amount will

In previous years, Cox Transport reacquired 4 million treasury shares at $20 per share and, later, 1 million treasury shares at $25 per share. What amount will Cox’s paid-in capital—share repurchase increase if it now sells 2 million treasury shares at $28 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 repurchased will increase by???

Jul 14 2021 View more View Less

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