Question
ABC Inc. repurchased 30 percent of its outstanding common stock from the open (secondary) market. What are the results from this activity? a. A decrease
ABC Inc. repurchased 30 percent of its outstanding common stock from the open (secondary) market. What are the results from this activity?
a. A decrease in total assets.
b. A decline in earnings per share.
c. An increase in cash.
d. The number of stockholders would remain the same as a result of the preemptive right.
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
