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Business, 12.08.2021 17:10 ghari112345

Crossroads Mall had 100,000 outstanding shares of common stock. On June 16, 2021, Crossroads bought back 20,000 shares of its own stock at $30 per share. On July 23, 2021, Crossroads resold 10,000 shares at $28 per share. What was the net effect on the accounting equation as a result of the two treasury stock transactions? 0 A) Decrease in assets and decrease in stockholders' equity. 0 B) Increase in assets and increase in stockholders' equity. 0 C) Decrease in assets and increase in stockholders' equity. 0 D) Increase in assets and decrease in stockholders' equity.

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Crossroads Mall had 100,000 outstanding shares of common stock. On June 16, 2021, Crossroads bought...
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