The purchase of treasury stock ________ a corporation's assets and ________ its shareholders' equity.

Name: The purchase of treasury stock ________ a corporation's assets and ________ its shareholders' equity.
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The purchase of treasury stock decreases a corporation's assets because cash (an asset) is used to buy back shares. It also decreases shareholders' equity because treasury stock is a contra equity account, reducing the total equity of the company.

The Purchase of Treasury Stock ________ a Corporation's Assets and ________

The Purchase of Treasury Stock a Corporation's Assets and