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What effect did the transaction have on stockholders

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Reference no: EM132945183

During 2016, Heidi Corporation repurchased some shares of its own commonstock, and held them as Treasury Stock.

Problem 1: What effect did this transaction have on 2016 stockholders' equity and earnings per share, respectively?

Stockholders' Equity, Earnings Per Share

Option 1: Decrease, Increase

Option 2: Increase, No Effect

Option 3: Decrease, Decrease

Option 4: Decrease, No Effect

Reference no: EM132945183

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