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Correct or Incorrect? When a company buys back its own shares, it does not result in change of the total shareholders equity. Share capital can

Correct or Incorrect?

When a company buys back its own shares, it does not result in change of the total shareholders equity.

Share capital can be used to declare dividends.

Share capital is companys retained profit.

A newly-incorporated company does not need to have accounting journal entry recording the total value of authorized shares.

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