Mary Brown, who had held 12% of Patterson Company's outstanding common stock, agreed to purchase another 8% of Patterson Company's outstanding common stock from Chad Reynolds, another major stockholder of Patterson's. Indicate the effect of this event on Patterson's financial statements.

Question

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The Answer of Mary Brown, who had held 12% of Patterson Company's outstanding common stock, agreed to purchase another 8% of Patterson Company's outstanding common stock from Chad Reynolds, another major stockholder of Patterson's. Indicate the effect of this event on Patterson's financial statements.

Mary Brown, Who Had Held 12% of Patterson Company's Outstanding