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Carbide Corporation purchased 36,000 shares of its own stock for $47 per share. The next year, the company sold 3,000 shares for $42 per share
Carbide Corporation purchased 36,000 shares of its own stock for $47 per share. The next year, the company sold 3,000 shares for $42 per share and the following year, it sold 10,000 shares for $29 per share. |
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Determine the impact of each of these transactions on the following classifications: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank.) |
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| Asset | liabilities | Stockholder equity | Net income |
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Purchase 36,000 shares of treasury stock |
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Sold 3,000 shares |
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Sold 10,000 shares |
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