Peter's Computers purchased 4 comma 0004,000 shares of its own $ 4$4 par value common...
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Accounting
Peter's Computers purchased
4 comma 0004,000
shares of its own
$ 4$4
par value common stock for
$ 92 comma 000$92,000.
As a result of this transaction:
A.Peter's stockholders' equity increased
$ 76 comma 000$76,000.
B.Peter's stockholders' equity increased
$ 92 comma 000$92,000.
C.Peter's stockholders' equity decreased
$ 92 comma 000$92,000.
D.Peter's stockholders' equity increased
$ 16 comma 000$16,000.
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