Kaplan Manufacturing Corporation purchased 2,500 shares of its own previously issued $10 par common stock for $62,500.As a result of this event,
A) Kaplan's Common Stock account decreased $25,000.
B) Kaplan's total stockholders' equity decreased $62,500.
C) Kaplan's Paid-in Capital in Excess of Par Value account decreased $37,500.
D) All of these answer choices are correct.
Correct Answer:
Verified
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