11.00 points Trans Union Corporation issued 5,100 shares for $50 per share in th

Question

11.00 points Trans Union Corporation issued 5,100 shares for $50 per share in the current year, and it issued 10,100 shares for $37 per share in the following year. The year after that, the company reacquired 20,100 shares of its own stock for $45 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following classifications: Total Assets Total Liabilities Total Stockholders' Equity Net Income Sold 5,100 shares Sold 10,100 shares Purchased 20,100 shares of treasury stock

Explanation / Answer

Determine impact of each transaction :

Total assets Total liabilities Total stockholder's equity Net income Sold 5100 shares 255000 255000 Sold 10100 shares 373700 373700 Purchased 20100 shares of treasury stock (904500) (904500)

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