On January 1, 2019, Cocker Reacquired 8,000 of the Outstanding

question 112

Multiple Choice

On January 1, 2019, Cocker reacquired 8,000 of the outstanding shares of its own common stock for $34 per share.None of these shares belonged to Popper.How would this transaction have affected the additional paid-in capital of the parent company?

• A) $0.
• B) Decrease it by $32,900.
• C) Decrease it by $45,700.
• D) Decrease it by $23,100.
• E) Decrease it by $50,500.