On November 6,Coleman Corp.reacquired 1,000 shares of its $2 par value common stock for $27 each.On November 20,Coleman Corp.reissued 400 shares for $30 each.Which of the following is correct regarding the effect of the journal entry for the reissued shares?
A) Assets decrease.
B) Liabilities decrease.
C) Expenses increase.
D) Stockholders' Equity increases.
Correct Answer:
Verified
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