Multiple Choice
On November 21 of the current year, Maroon Inc.reacquired 50,000 shares of its common stock at $4 per share.As a result of this transaction, net assets of the company:
A) increase by $200,000.
B) decrease by $200,000.
C) remain unchanged.
D) increase by $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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