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Carbide Corporation purchased 35,000 shares of its own stock from investors for $48 per share. The next year, the company resold 3,000 of the repurchased
Carbide Corporation purchased 35,000 shares of its own stock from investors for $48 per share. The next year, the company resold 3,000 of the repurchased shares for $50 per share, and the following year it resold 6,000 of the repurchased shares for $30 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 35,000 shares of treasury stock Resold 3,000 shares for $50 per share Resold 6,000 shares for $30 per share
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