[Solved] ABC Inc. repurchased 3 0 percent of its o

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ABC Inc. repurchased 3 0 percent of its outstanding common stock from the open ( secondary ) market. What are the results from this activity?

ABC Inc. repurchased

30

percent of its outstanding common stock from the open

(

secondary

)

market. What are the results from this activity?

A decrease in total assets.

A decline in earnings per share.

An increase in cash.

The number of stockholders would remain the same as a result of the preemptive right.

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