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What the acquisition of these treasury shares

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Question - In January 2018, Brasi Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, 2018, Brasi Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. What the acquisition of these treasury shares?

a) decreased total stockholders' equity.

b) increased total stockholders' equity.

c) did not change total stockholders' equity.

d) decreased the number of issued shares.

Reference no: EM132958805

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