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A company reacquired 1 0 0 , 0 0 0 previously issued and outstanding shares for $ 5 0 0 , 0 0 0 .
A company reacquired previously issued and outstanding shares for $ The company will hold these shares as treasury stock. This transaction results in all of the following except
A direct decrease in shareholders equity.
A decrease in the number of shares authorized.
A decrease in the current ratio.
A decrease in the number of shares outstanding.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
