2. In January 2020, ABC Corporation, a newly formed company, issued 10,000 shares of its $10...

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2. In January 2020, ABC Corporation, a newly formed company, issued 10,000 shares of its $10 par ordinary shares for $15 per share. On July 1, 2020, ABC Corporation repurchased 1,000 shares of its outstanding shares for $12 per share. The acquisition of these treasury shares a) Decreased total shareholders' equity. b) Increased total shareholders' equity. c) Did not change total shareholders' equity. d) Decreased the number of issued shares. 2. In January 2020, ABC Corporation, a newly formed company, issued 10,000 shares of its $10 par ordinary shares for $15 per share. On July 1, 2020, ABC Corporation repurchased 1,000 shares of its outstanding shares for $12 per share. The acquisition of these treasury shares a) Decreased total shareholders' equity. b) Increased total shareholders' equity. c) Did not change total shareholders' equity. d) Decreased the number of issued shares.

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