Business, 10.06.2020 09:57, Hudman57

In January 2017, Crane Company, a newly formed company, issued 9500 shares of its $8 par common stock for $13 per share. On July 1, 2017, Crane Company reacquired 950 shares of its outstanding stock for $10 per share. The acquisition of these treasury sharesa. increased total stockholders' equity. b. decreased the number of issued shares. c. decreased total stockholders' equity. d. did not change total stockholders' equity.

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In January 2017, Crane Company, a newly formed company, issued 9500 shares of its $8 par common stoc...