In January 2017 Bramble Corp a newly formed company issued 1

In January 2017, Bramble Corp., a newly formed company, issued 10400 shares of its $8 par common stock for $13 per share. On July 1, 2017, Bramble Corp. reacquired 1040 shares of its outstanding stock for $10 per share. The acquisition of these treasury shares

Solution

If company acquired treasury stock then company\'s total stockholder\'s equity decreased in total.

but does not decrease number of issued shares but decrease no. of outstanding share.

If company acquired treasury shares then (1040*10) = 10400

then total stockholder\'s equity decreased by $10400

so answer is d) decreased total stockholders\' equity.