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08-12-2022
Business

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g prior to may 1, fortune company has never had any treasury stock transactions. the company repurchased 110 shares of its common stock on may 1 for $5,500. on july 1, it reissued 55 of these shares at $53 per share. on august 1, it reissued the remaining treasury shares at $48 per share. what is the balance in the paid-in capital, treasury stock account on august 2?

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