Posted: November 10th, 2015

Stocks and Transactions

Stocks and Transactions prof simons

Write a response to the following scenario:

Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock

for $12,000. Assuming the shares are held in the treasury, what effect does this

transaction have on (a) net income, (b) total assets, (c) total paid-in capital,

and (d) total stockholders’ equity?

The treasury stock purchased in the above question was resold by Chen, Inc. for

$15,000. What effect does this transaction have on (a) net income, (b) total

assets, (c) total paid-in capital, and (d) total stockholders’ equity?

Format your response consistent with APA guidelines.

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