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In January 2020, Bramble Corp., a newly formed company, issued 11700 shares of its $12 par common stock for $17 per share. On July 1,
In January 2020, Bramble Corp., a newly formed company, issued 11700 shares of its $12 par common stock for $17 per share. On July 1, 2020, Bramble Corp. reacquired 1170 shares of its outstanding stock for $14 per share. The acquisition of these treasury shares
decreased the number of issued shares.
decreased total stockholders' equity.
increased total stockholders' equity.
did not change total stockholders' equity.
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