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If a corporation appropriates retained earnings for treasury stock transactions, the appropriation will affect total amounts for retained earnings and stockholders' equity as Total Total
If a corporation appropriates retained earnings for treasury stock transactions, the appropriation will affect total amounts for retained earnings and stockholders' equity as
Total | Total | |
Retained Earnings | Stockholders' Equity | |
I. | decrease | decrease |
II. | decrease | no effect |
III. | no effect | no effect |
IV. | no effect | decrease |
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