Owl Co. buys 5,000 shares of their own common stock from their shareholders at $25...
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Accounting
Owl Co. buys 5,000 shares of their own common stock from their shareholders at $25 per share with a $2 per share par value. If Owl uses the more commonly used method, what are the financial statement effects of Foxs entry on this purchase?
Group of answer choices
A: D L: NE SE: D NI: NE CFs: D
A: D L: I SE: NE NI: NE CFs: D
A: D L: NE SE: D NI: NE CFs: NE
A: D L: NE SE: D NI: D CFs: D
D:Decrease, I:Increase
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