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Lear Flower Shop Presented the Stockholders' Equity Section of Its

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Lear Flower Shop presented the stockholders' equity section of its balance sheet on January 1, 2015, as follows:
Lear Flower Shop presented the stockholders' equity section of its balance sheet on January 1, 2015, as follows: All common shares were originally sold for $6 each. The following transactions occurred during 2015: - Reacquired 3,000 shares of common stock at $15 per share on February 16. - Sold 2,000 shares of treasury stock at $20 per share on June 1. Part 1. Show the effects of the transactions on the accounting equation. Part 2. How many shares of stock are outstanding at June 1, immediately after the sale of the 2,000 shares of treasury stock? All common shares were originally sold for $6 each. The following transactions occurred during 2015:
- Reacquired 3,000 shares of common stock at $15 per share on February 16.
- Sold 2,000 shares of treasury stock at $20 per share on June 1.
Part 1. Show the effects of the transactions on the accounting equation.
Lear Flower Shop presented the stockholders' equity section of its balance sheet on January 1, 2015, as follows: All common shares were originally sold for $6 each. The following transactions occurred during 2015: - Reacquired 3,000 shares of common stock at $15 per share on February 16. - Sold 2,000 shares of treasury stock at $20 per share on June 1. Part 1. Show the effects of the transactions on the accounting equation. Part 2. How many shares of stock are outstanding at June 1, immediately after the sale of the 2,000 shares of treasury stock? Part 2. How many shares of stock are outstanding at June 1, immediately after the sale of the 2,000 shares of treasury stock?

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