Following shareholders equity section of the balance sheet

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Alpha Corporation has the following Shareholders½ Equity section of the Balance Sheet at 1/1/2004:

Preferred Stock, 10%, $100 Par Value, 10,000 shares authorized, 1,000 issued, and outstanding
$ 100,000Additional Paid In Capital ½ Preferred Stock

240,000 Common Stock, $10 Par Value, 100,000 shares authorized, 50,000 shares issued and outstanding

500,000 Additional Paid In Capital ½ Common Stock

800,000 Total Paid In Capital

$1,640,000 Retained Earnings

2,000,000 Total Shareholders ½ Equity$3,640,000

28. can you let me know how you got the answer for this question Assume Alpha reacquires share of their own Common Stock to hold in the Treasury. They pay $ 30.00 per share. With this purchase, the impact on Total Paid-in Capital and the total Shareholders Equity, respectively, will be:

a. increase/increase
b. decrease/decrease
c. increase/decrease
d. decrease/increase
e. none/decrease

Reference no: EM131013752

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