Question: Help Save & Exit Crossroads Mall had 1 0 0 , 0 0 0 outstanding shares of common stock. On June 1 6 , 2

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Crossroads Mall had 100,000 outstanding shares of common stock. On June 16,2024, Crossroads bought back 20,000 shares of its own stock at $30 per share. On July 23,2024, Crossroads resold 10,000 shares at $28 per share. What was the net effect on the balance sheet as a result of the two treasury stock transactions?
Multiple Choice
Decrease in assets and decrease in stockholders' equity
Increase in assets and decrease in stockholders' equity
Increase in assets and increase in stockholders' equity
Decrease in assets and increase in stockholders' equity
Help Save & Exit Crossroads Mall had 100,000 outstanding shares of

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