Question
A corporation purchases 4,298 shares of its own $4 par common stock for $23 per share, recording it at cost. What will be the effect
A corporation purchases 4,298 shares of its own $4 par common stock for $23 per share, recording it at cost. What will be the effect on total stockholders' equity?
a.decrease by $81,662
b.decrease by $98,854
c.increase by $98,854
d.increase by $81,662
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GMP Audit Trainer Good Manufacturing Practices Made Easy
Authors: Mr Brendan Cooper
1st Edition
1548711934, 978-1548711931
