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Brief Exercise 10-45 (Algorithmic) Treasury Stock Heitman Company purchases 49,000 shares of treasury stock for $13 per share. Required: 1. How will this transaction affect
Brief Exercise 10-45 (Algorithmic) Treasury Stock
Heitman Company purchases 49,000 shares of treasury stock for $13 per share.
Required:
1. How will this transaction affect stockholders' equity? If there is no effect, choose "No effect" and enter zero ("0").
Decrease by ?
2. How will this transaction affect net income? If there is no effect, choose "No effect" and enter zero ("0").
No effect and 0
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