Question
Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common stock as treasury stock. The purchase of treasury
A. Decreased total equity by $3,600,
B. Increased total equity by $12,600c. Decreased total equity by $12,600.
D. Increased total equity by $3,600.
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
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