Question
A company repurchased shares for 100.0. They were initially issued for 500.0. The shares are not being cancelled and will be held in treasury by
A company repurchased shares for 100.0. They were initially issued for 500.0.
The shares are not being cancelled and will be held in treasury by the company.
Which of the following statements is correct after both the issuance and repurchase?
Select one:
Total equity will decrease by 100.0
Total equity will increase by 500.0
Total equity will increase by 400.0
Total equity will not change
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
9th Edition
0306457229, 978-0306457227
