Question
A corporation purchases 40,000 shares of its own $30 par common stock for $45 per share, recording it at cost. What will be the effect
A corporation purchases 40,000 shares of its own $30 par common stock for $45 per share, recording it at cost. What will be the effect on total stockholders equity?
|
| Decrease by $1,800,000 |
|
| Increase by $1,800,000 |
|
| Increase by $1,200,000 |
|
| Decrease by $1,200,000 |
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Cost And Management Audit
Authors: Dr Veena Soni
1st Edition
6202551992, 978-6202551991
