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QUESTION
Cox Transport reacquired 4 million treasury shares at $20 per share. Later, 2 million treasury shares at $26 per share.
Cox Transport reacquired 4 million treasury shares at $20 per share. Later, 2 million treasury shares at $26 per share. What amount will Cox's paid-in capital—share repurchase increase if it now sells 2 million treasury shares at $29 per share and determines the cost of treasury shares by the FIFO method?
