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Fordham Company re-purchased 2,000 shares of its own previously issued $10 par common stock for $59,000. As a result of this event, Multiple Choice O
Fordham Company re-purchased 2,000 shares of its own previously issued $10 par common stock for $59,000. As a result of this event, Multiple Choice O There was no effect on total equity Fordham Company's paid-in capital in excess of par value account decreased $39.000 O Fordham Company's com mon stock account increased $20,000 O Fordham Company's total equity decreased $59.000, O Fordham Company's total equity increased $59,000
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