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In January 2020, Justin Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1,2020
In January 2020, Justin Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1,2020 , Justin Corporation reacquired 1,000 shares of its outstanding stock for $17 per share. The acquisition of these treasury shares a. decreased total stockholders' equity b. decreased the number of issued shares c. increased total stockholders' equity d. did not change total stockholders' equity
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