Question
Assets:- Cash-50000 Other Assets-850000 Value of firm-900000 Liabilities & Equity:- Debt- 0 Equity-900000 Value of firm-900000 Share outstanding -90000 Price per share is $10 If
Assets:-
Cash-50000
Other Assets-850000
Value of firm-900000
Liabilities & Equity:-
Debt- 0
Equity-900000
Value of firm-900000
Share outstanding -90000
Price per share is $10
If the firm distributes $100000 through stock repurchase,what happens to the balance sheet?
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
