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Trans Union Corporation issued 5,500 shares for $50 per share in the current year, and it issued 10,500 shares for $37 per share in the
Trans Union Corporation issued 5,500 shares for $50 per share in the current year, and it issued 10,500 shares for $37 per share in the following year. The year after that, the company reacquired 20,500 shares of its own stock for $45 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following classifications: Total Assets Total Liabilities Total Total Stockholders' Equity Net Income Sold 5,500 shares Sold 10,500 shares Purchased 20,500 shares of treasury stock Trans Union Corporation issued 5,500 shares for $50 per share in the current year, and it issued 10,500 shares for $37 per share in the following year. The year after that, the company reacquired 20,500 shares of its own stock for $45 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following classifications: Total Assets Total Liabilities Total Stockholders' Equity Net Income Sold 5,500 shares Sold 10,500 shares Purchased 20,500 shares of treasury stock Decrease by $275,000 Increase by $275,000 No Change
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