Treasury Stock Indicate whether the following transactions increase, decrease, or have no effect on (a) Total assets

Question:

Treasury Stock Indicate whether the following transactions increase, decrease, or have no effect on
(a) Total assets and on
(b) Total stockholders’ equity.
_____ Issue 1,000 shares of at $10 per share
_____ Purchase 500 shares of as treasury stock at $15 per share
_____ Reissue 400 shares of treasury stock at $18 per share
_____ Reissue 100 shares of treasury stock at $12 per share

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...