In January, Castro Corporation, a newly formed company, issued 10,000 shares of its $10 par...
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Accounting
In January, Castro Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, Castro Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares
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decreased total stockholders' equity.
increased total stockholders' equity.
did not change total stockholders' equity.
decreased the number of issued shares.
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