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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 2017, Finley Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1,2017, Finley Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares q,
did not change total stockholders' equity.
increased total stockholders' equity.
decreased total stockholders' equity.
decreased the number of issued shares.
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