The purchase of treasury stock for cash will:
A. Increase stockholders' equity.
B. Not increase nor decrease stockholders' equity.
C. Decrease stockholders' equity.
D. Not change total assets.
Answer:C
The purchase of treasury stock for cash will:
A. Increase stockholders' equity. B. Not increase nor decrease stockholders' equity. C. Decrease stockholders' equity. D. Not change total assets.