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In January 2 0 1 7 , Finley Corporation, a newly formed company, issued 1 0 , 0 0 0 shares of its $ 1
In January Finley Corporation, a newly formed company, issued shares of its $ par common stock for $ per share. On July Finley Corporation reacquired shares of its outstanding stock for $ per share. The acquisition of these treasury shares
did not change total stockholders' equity.
increased total stockholders' equity.
decreased total stockholders' equity.
decreased the number of issued shares.
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