i just posted this question doesint assets decrease for purchase because cash will be paid out.

Question how do treasury share transactions effect assets, liabilities, stockholders equity, paid in capital , retained earnings and net income. increase, decrease or no effect ? Expert answer A Expert in Accounting If it is purchase: Assets-Increase Liabilities -Decrese Stock holders equity-Decrease Paid in capital-Decrease Retained earnings-Increase Net income - Increase If it is sale Vice versa