In 2020, Apple, Inc. repurchased 72 million shares of its common stock for $100 per share. What is the affect on the accounting equation? Assets decrease $7.200m; Stockholders' Equity decreases $7.200m O Assets increase $7,200m, Stockholders' Equity decreases $7,200m O Liabilities increase $7,200m: Stockholders' Equity increases $7,200m Assets increase $7.200m, Stockholders' Equity increases $7.200m Question 28 4.17 pts Your company issues 10,000 shares of $1 par value common stock at $20 per share. What is the effect on the accounting equation? O Cash increases $200,000; Common Stock Increases $10,000; PIC in Excess of Par increases $190,000 Cash increases $200,000; Common Stock Increases $200,000 Accounts Payable increases $200,000; Common Stock Increases $10,000; PIC in Excess of Par increases $190,000 Cash increases $200,000; Treasury Stock Increases $10,000; PIC in Excess of Par increases $190,000 $45,000 Original cost of truck: Proceeds from sale (selling price) Accumulated depreciation: $15,000 $32,000 What is the amount of the gain or loss from the sale of the truck? $30,000 loss $28,000 loss O $13,000 gain O $2,000 gain D Question 30 4.17 pt On May 17, 2021 Footlocker purchases shoes for $500 from Nike, Inc. on account. On May 25th, Footlocker pays Nike for the shoes. From Footlocker's perspective how are accounts affected by the May 25th transaction? O Cash decreases $500; Inventory increases $500 Cash decreases $500, Inventory decreases $500 O Cash increases $500; Accounts Payable decreases $500 O Cash decreases $500, Accounts Payable decreases $500