Question: EST 1 7 of 1 7 easury stock that was purchased for $ 2 , 5 0 0 is sold for $ 3 , 0

EST
17 of 17
easury stock that was purchased for $2,500 is sold for $3,000. As a result of these two transactions combined,
a. stockholders' equity will not change, because the amount of authorized stock has not changed.
b. stockholders' equity will be increased by $500.
c. income will be increased by $500.
d. stockholders' equity will be increased by $3,000.
EST 1 7 of 1 7 easury stock that was purchased

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