Company has provided the following data about its common stock:

Par value is $1 per share 10,000,000 authorized shares 4,300,000 shares are outstanding 4,700,000 shares are issued

How many shares of treasury stock are there?

400,000

5,300,000

0

5,700,000

When a company acquires treasury stock, assets and stockholders' equity both decrease.

True

False