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M11-6 (Algo) Determining the Effects of Treasury Stock Transactions LO11-3 Carbide Corporation purchased 34,000 shares of its own stock from investors for $42 per
M11-6 (Algo) Determining the Effects of Treasury Stock Transactions LO11-3 Carbide Corporation purchased 34,000 shares of its own stock from investors for $42 per share. The next year, the company resold 4,000 of the repurchased shares for $47 per share, and the following year it resold 9,000 of the repurchased shares for $34 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank.) Purchased 34,000 shares of treasury stock Resold 4,000 shares for $47 per share Resold 9,000 shares for $34 per share Total Assets Total Liabilities Total Stockholders' Equity Net Income
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