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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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