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The Next Question is: 5. 10.00 points M11-6 Determining the Effects of Treasury Stock Transactions LO11-3 Carbide Corporation purchased 36,000 shares of its own stock
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5. 10.00 points M11-6 Determining the Effects of Treasury Stock Transactions LO11-3 Carbide Corporation purchased 36,000 shares of its own stock from investors for $44 per share. The next year, the company resold 3,000 of the repurchased shares for $56 per share, and the following yearit resold 9,000 of the repurchased shares for $30 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.) Assets Liabilities Net Income Equity Purchased 36,000 shares of treasury stock Resold 3,000 shares for $56/share Resold 9,000 shares for $30 per share
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