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Carbide Corporation purchased 25,000 shares of its own stock from investors for $41 per share. The next year, the company resold 3,000 of the repurchased
Carbide Corporation purchased 25,000 shares of its own stock from investors for $41 per share. The next year, the company resold 3,000 of the repurchased shares for $47 per share, and the following year it resold 8,000 of the repurchased shares for $34 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.)
Assets Liabilities Stockholders' Equity Net Income Purchased 25,000 shares of treasury stock Resold 3,000 shares for $47/share Resold 8,000 shares for $34 per share
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