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Kellogg. Inc. purchased 200 shares of its own $20 par value stock for $30 cash per share. Which of the following answers reflects how this
Kellogg. Inc. purchased 200 shares of its own $20 par value stock for $30 cash per share. Which of the following answers reflects how this purchase of treasury stock would affect Kellogg's financial statements? Assets Liab. | +| Equity | Rev.-Exp.-Net Inc. Cash Flow Cash +Investment A. (4,000)+ B. |(6,000)| + | C. (6,000)+ NA 6,000 NA |+|(4,000) | |+| NA NA |- NA- NA NA |?? NA NA NA NA 6,000 IA (6,000) FA |(4,000lti 4,000 E NA 1+1 NA ? NA 1-1 NA 1-1 NA | 4,000 IA | NA NA Multiple Choice Choice A Choice B Choice C Choice D
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