During 2010,Thomas Corporation Repurchased Some Shares of Its Own Common

Multiple Choice

During 2010,Thomas Corporation repurchased some shares of its own common stock.What effect did this transaction have on 2010 stockholders' equity and earnings per share,respectively? $$\begin{array} { l l l } & \text { Stockholders' Equity } & \text { Earnings Per Share } \\\text { A. } & \text { Decrease } & \text { No effect } \\\text { B. } & \text { Increase } & \text { No effect } \\\text { C. } & \text { Decrease } & \text { Decrease } \\\text { D. } & \text { Decrease } & \text { Increase }\end{array}$$

A) Option A
B) Option B
C) Option C
D) Option D