Assume that IHOP paid ($ 10) per share to purchase 1,000 of its ($ 1) par common
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Assume that IHOP paid \(\$ 10\) per share to purchase 1,000 of its \(\$ 1\) par common as treasury stock. The purchase of treasury stock
a. Decreased total equity by \(\$ 10,000\)
b. Increased total equity by \(\$ 1,000\)
c. Decreased total equity by \(\$ 1,000\)
d. Increased total equity by \(\$ 10,000\)
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