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Business, 02.08.2021 20:10 igtguith

In January 2020, Concord Corporation, a newly formed company, issued 9800 shares of its $8 par common stock for $13 per share. On July 1, 2020, Concord Corporation reacquired 980 shares of its outstanding stock for $10 per share. The acquisition of these treasury shares a. decreased the number of issued shares.
b. did not change total stockholders' equity.
c. increased total stockholders' equity.
d. decreased total stockholders' equity.

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