Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event, a. Leary's Common Stock account decreased $50,000. b. Leary's total stockholders' equity decreased $115,000. c. Leary's Paid-in Capital in Excess of Par Value account decreased $65,000. d. All of these answer choices are correct
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Home » Business » Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event, a. Leary's Common Stock account decreased $50,000. b.