On November 12, 2013, Berube Co. repurchased 10,000 shares of its own stock at a price of $20 per share. Berube had originally issued the stock in 2010 at a price of $15 per share. Which of the following items would be decreased by the stock repurchase transaction? (check all that anply)

On November 12, 2013, Berube Co. repurchased 10,000 shares of its own stock at a price of $20 per share. Berube had originally issued the stock in 2010 at a price of $15 per share. Which of the following items would be decreased by the stock repurchase transaction? (check all that anply)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

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On November 12, 2013, Berube Co.
repurchased 10,000 shares of its own stock
at a price of $20 per share. Berube had
originally issued the stock in 2010 at a price
of $15 per share.
Which of the following items would be
decreased by the stock repurchase
transaction? (check all that apply)
Total Shareholders' Equity
Total Assets
Cash from Financing Activities
Total Liabilities
Accumulated Other Comprehensive
Income
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