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In previous years, Cox Transport reacquired 2 million treasury shares at $24 per share and, later, 1 million treasury shares at $27 per share.

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In previous years, Cox Transport reacquired 2 million treasury shares
at $24 per share and, later, 1 million treasury shares at $27 per share.

By what amount will Cox’s paid-in capital – share repurchase increase if Cox now sells 2 million treasury shares at $24 per share and determines the cost of treasury shares by the FIFO method?

 
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