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Carbide Corporation purchased 22,000 shares of its own stock from investors for $46 per share. The next year, the company resold 4,000 of the repurchased
Carbide Corporation purchased 22,000 shares of its own stock from investors for $46 per share. The next year, the company resold 4,000 of the repurchased shares for $42 per share, and the following year it resold 8,000 of the repurchased shares for $28 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank.)
Total Assets | Total Liabilities | Total Stockholders Equity | Net Income | |
Purchased 22,000 shares of treasury stock | ||||
Resold 4,000 shares for $42 per share | ||||
Resold 8,000 shares for $28 per share |
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