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Delta repurchased (reacquired) 100 shares of its common stock for $15 per share. Will this transaction...

Delta repurchased (reacquired) 100 shares of its common stock for $15 per share. Will this transaction increase or decrease Shareholder Equity, and by what amount?

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Answer #1

Treasury stock is the stock repurchased by the company. It is a contra equity account which reduces the stockholders equity.

= 100 shares * $15 per share

= $1500

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