When treasury stock is purchased for an amount greater than its par value, what is the effect on total shareholders' equity?
A. Increase.
B. Decrease.
C. No effect.
D. Cannot tell from the given information.
Answer: B
When treasury stock is purchased for an amount greater than its par value, what is the effect on total shareholders' equity?
A. Increase.
B. Decrease.
C. No effect.
D. Cannot tell from the given information.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.