Which of the following balance-sheet accounts will be affected when the company buys back some of its outstanding shares?

Question

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When a company buys back its own shares, it reduces the number of shares outstanding. This affects the following balance sheet accounts:- Retained earnings: The company's retained earnings will decrease by the amount of the repurchased shares.- Additional paid-in capital: The company's additional paid-in capital will decrease by the amount of the repurchased shares.- Treasury shares at cost: The company will record the repurchased shares as treasury shares at cost.

Which of the Following Balance-Sheet Accounts Will Be Affected When