Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common

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Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common stock as treasury stock. The purchase of treasury stock

A. Decreased total equity by $3,600,

B. Increased total equity by $12,600

c. Decreased total equity by $12,600.

D. Increased total equity by $3,600.

Related Book For answer-question

Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Posted Date: Jun 30, 2022 10:45 AM

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Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common

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Financial accounting

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