Using the data from E8-19, indicate the effects on net assets and EPS for the following transactions:

Question:

Using the data from E8-19, indicate the effects on net assets and EPS for the following transactions:
1. Purchase of the Treasury stock on April 2.
2. Sale of the Treasury stock on January 25 of the following year.
Data from E8-19
Banff Water Inc. bottles and distributes spring water. On April 2 of the current year, Banff Water Inc. reacquired 30,000 shares of its at $33 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...