Business, 08.07.2021 20:10 isabellemaine
A company repurchased shares of its common stock for $19,000. The stock was initially issued for $12,000 and had a $5,000 par value. Which of the following statements correctly describes the effects of the repurchase of company's common stock shares?
A. Net income decreases by $7000.
B. Stockholders' equity decreases $19,000.
C. Net income increases by $7000.
D. Stockholders' equity increases $12,000.
Answers: 1
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A company repurchased shares of its common stock for $19,000. The stock was initially issued for $12...
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