Peter's Computers purchased 4,000 shares of its own $10 par value common stock for $92,000.As a result of this transaction:
A) Peter's stockholders' equity increased $52,000.
B) Peter's stockholders' equity increased $40,000.
C) Peter's stockholders' equity decreased $92,000.
D) Peter's stockholders' equity increased $92,000.
Correct Answer:
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