Kaplan Manufacturing Corporation Purchased 2,500 Shares of Its Own Previously

Multiple Choice

Kaplan Manufacturing Corporation purchased 2,500 shares of its own previously issued $10 par common stock for $57,500. As a result of this event,

A) Kaplan's Common Stock account decreased $25,000.
B) Kaplan's total stockholders' equity decreased $57,500.
C) Kaplan's Paid-in Capital in Excess of Par Value account decreased $32,500.
D) All of these answer choices are correct.