When stock is purchased with cash and held in treasury, what is the impact on the balance
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When stock is purchased with cash and held in treasury, what is the impact on the balance sheet equation?
a. No change—the reduction of the asset Cash is offset with the addition of the asset Treasury Stock.
b. Assets decrease and stockholders’ equity increases.
c. Assets increase and stockholders’ equity decreases.
d. Assets decrease and stockholders’ equity decreases.
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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