Leary Manufacturing Corporation Purchased 5,000 Shares of Its Own Previously

Multiple Choice

Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event,

A) Leary's Common Stock account decreased $50,000.
B) Leary's total stockholders' equity decreased $115,000.
C) Leary's Paid-in Capital in Excess of Par Value account decreased $65,000.
D) All of these answer choices are correct.