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Stockholders' equity is reduced by the cost of acquiring the treasury stock: 2 0 0 0 shares $ 1 2 = $ 2 4 0

Stockholders' equity is reduced by the cost of acquiring the treasury stock: 2000 shares $12=$24000, not $10000, $0, or $14000.
If 2000 shares of $5 par common stock are reacquired by a corporation for $12 a share, by how much will total stockholders equity be reduced?
$0
$10000
$24000
$14000
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