Gaston corporation issued 85000 shares of $2.00 par value common stock. Later that year, Gaston purchased 22,000 shares of its own common stock. Two months later, it reissued 2,800 shares. How many shares are issued and outstanding?

A. 107,000 issued and 104,200 outstanding

B. 85,000 issued and 65,800 outstanding

C.85,000 issued and 85,000 outstanding

D. 87,800 issued and 65,800 outstanding

how does the declaration of cash dividend effect a companys assets liability and equity

A. It results in an increase of assets and decrease to liability while stockholder equit remains same

B. It results in an increase to liability and a decrease in stockholders equity while assets remain the same

C.It results in an increase to stockholders equity and a decrease to assets while liability remains the same

D.It results in an increase to liability and decrease to assets while stockholders equity remains same