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Please Refer to the Following Information for Petra Sales Company

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Please refer to the following information for Petra Sales Company:
Please refer to the following information for Petra Sales Company:    If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the company will record a gain on the sale of treasury stock of $20,000. If Petra Sales sells 10,000 shares of treasury stock at $14 per share, the company will record a gain on the sale of treasury stock of $20,000.

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