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Determine total stockholders'' equity

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Reference no: EM13922785

Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000.

Assuming the shares are held in the treasury, what effect does this transaction have on

(a) net income,

(b) total assets,

(c) total paid-in capital, and

(d) total stockholders' equity?

Reference no: EM13922785

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