QUESTION 17 Several years ago, Silver Corporation issued 100,000 of its $2 par value stock for a total of $800,000. This was the only time that it has issued stock. This year it purchased 1,000 shares of its own stock for $10 a share. As a result of acquiring treasury stock: O a. it will recognize a loss of $2,000, Ob.its retained earnings decrease by $10,000. cits retained earnings increased by $10,000. d. its stockholders' equity decreases by $10,000. QUESTION 18 The balance sheet of Cool Corporation reported 300,000 shares outstanding, 400,000 shares authorized, and 40,000 shares in treasury stock. How many shares are issued? a. 360,000 b. 400,000 c. 300,000 d. 340,000