Accounting help! when a corporation purchases its own stock, what happens to stockholders' equity?
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Answer:
Treasury stock is a contra equity so total equity will decrease by the number of shares x the cost. 10,000 x 35 = $350,000 C
tiffany tuy at Yahoo! Answers Visit the source
Other answers
Treasury stock is a contra equity so total equity will decrease by the number of shares x the cost. 10,000 x 35 = $350,000 C
Jenna M
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