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Treasure This, Inc. had total assets of $100,000, total liabilities of $60,000 and stockholders' equity of $40,000 before repurchasing 1,000 shares of its $1 par
Treasure This, Inc. had total assets of $100,000, total liabilities of $60,000 and stockholders' equity of $40,000 before repurchasing 1,000 shares of its $1 par value common stock for $5 per share. After this repurchase, total assets equal _____, total liabilities equal ______ and stockholders' equity equals ______:
a) $105,000 $60,000 $45,000
b) $95,000 $60,000 $35,000
c) $100,000 $55,000 $45,000
d) $100,000 $65,000 $35,000
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