Folger Industries is a newly formed corporation. On January 1,2020 , Folger issued 20,000 shares of

$5

par common stock for

$10

per share. On July 1, 2021, the firm reacquired 2,500 shares of this stock for

$8

per share. How did the acquisition of these treasury shares affect the corporation?\ It increased Folger's total number of issued shares.\ It decreased Folger's total number of issued shares.\ It decreased Folger's total stockholders' equity.\ It increased Folger's total stockholders' equity.

Folger Industries is a newly formed corporation. On January 1,2020 , Folger issued 20,000 shares of $5 par common stock for $10 per share. On July 1, 2021, the firm reacquired 2,500 shares of this stock for $8 per share. How did the acquisition of these treasury shares affect the corporation? It increased Folger's total number of issued shares. It decreased Folger's total number of issued shares. It decreased Folger's total stockholders' equity. It increased Folger's total stockholders' equity