Multiple Choice
Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $125,000.As a result of this event,
A) Leary's Common Stock account decreased $50,000.
B) Leary's total stockholders' equity decreased $125,000.
C) Leary's Paid-in Capital in Excess of Par Value account decreased $75,000.
D) All of these answer choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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