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Rock Bottom Gold Company recently repurchased 7.09 million shares of its common stock for $56 per share. The intent of the repurchase was to
Rock Bottom Gold Company recently repurchased 7.09 million shares of its common stock for $56 per share. The intent of the repurchase was to increase earnings per share to be more in line with competitors. Required: 1. Determine the impact of the stock repurchase on assets, liabilities, and stockholders' equity. (Negative amounts should be indicated by a minus sign. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) Assets Liabilities Stockholders' equity
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