Conecuh Manufacturing Corporation purchased 8,000 shares of its own previously issued $10 par common stock for $184,000.
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Conecuh Manufacturing Corporation purchased 8,000 shares of its own previously issued $10 par common stock for $184,000. As a result of this event,)
Conecuh's total stockholders' equity decreased by $184,000.
Conecuh's Common Stock account decreased by $80,000.
Conecuh's Paid-in Capital in Excess of Par account decreased by $104,000.
All of these answer choices are correct.
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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