Business, 05.05.2020 18:32 dianactorres
In January 2020, Sheffield Corp., a newly formed company, issued 10600 shares of its $10 par common stock for $15 per share. On July 1, 2020, Sheffield Corp. reacquired 1060 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares:
a. increased total stockholders' equity. b. decreased total stockholders' equity. c. did not change total stockholders' equity. d. decreased the number of issued shares.
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