Question: In Year 1 , Foge. Inc. issued $ 1 9 par value common stock for $ 7 5 per share. No other common shock transactions

In Year 1, Foge. Inc. issued $19 par value common stock for $75 per share. No other common shock transactions oceumed untl March 31, Year 3, when Fopg acquired some of the idwued ahares for 320 per shave and retied them. Which of the following stalements comectly states an efloct of this acquistion and rethement?
A. Year 3 net income is decreased.
B. Wear 3 teet income is increased.
C. Addisonal paidin eapital is decreased.
D. Retained eamings in incrossod.
In Year 1 , Foge. Inc. issued $ 1 9 par value

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