Please explain and elaborate on these. Thank you A company issues new shares of...
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Accounting
Please explain and elaborate on these. Thank you
- A company issues new shares of common stock in exchange for cash for an amount greater than par value. How does this affect the accounts on the Balance Sheet? How does this affect the accounts on the Income Statement? (5pts)
- What are some reasons why a company may buy back its own stock (called Treasury Stock)? (5pts)
- What effect, if any, does this buy back have on the stock's market price? Explain. (5pts)
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