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A new company issued 6,000 shares of $8 par common stock for 67,800. Next issued 18,000 shares of $8 par common stock in exchange for
A new company issued 6,000 shares of $8 par common stock for 67,800. Next issued 18,000 shares of $8 par common stock in exchange for land when the stock was trading $14 per share. The company the declared a 2% stock dividend and distributed the stock.
How did the purchase of the treasury stock impact total stockholders' equity?
(Enter an increase as a positive number or a decrease as a negative number using a minus sign)
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