Printers for You began operations on June 1,2X13.The company authorized 15,000 shares of $1 par value common stock.Printers for You sold 15,000 shares of common stock for $5 per share on June 2,2X13.On August 15,2X13,Printers for You repurchased 1/2 of the outstanding common stock for $6 per share.On August 31,2X13,Printers for You sold 1,000 of the treasury stock.On September 1,2X13,the company declared a three-for-one stock split.After the split
A) total stockholders' equity remained the same.
B) total stockholders' equity increased.
C) total stockholders' equity decreased.
D) assets and liabilities increased.
E) assets and liabilities decreased.
Correct Answer:
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