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Question 17 Leary Manufacturing Corporation purchased 5.000 shares of its own previously issued $10 par common stock for $125,000. As a result of this
Question 17 Leary Manufacturing Corporation purchased 5.000 shares of its own previously issued $10 par common stock for $125,000. As a result of this event. O Leary's Common Stock account decreased $50,000 O Al of these answer choices are correct O Leary's Paid-in Capital in Excess of Par Value account decreased $75.000. OLeary's total stockholders' equity decreased $125.000
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
