During 2016, Thomas Corporation repurchased some shares of its own common stock. What effect did this transaction have on 2016 stockholders' equity and earnings per share, respectively? 
Definitions:
Moral Values
Fundamental beliefs about what is right or wrong, which serve as a basis for behavior and form the foundation of ethical conduct.
Ethical Issues
Challenges or situations that involve choosing between moral principles, where the right course of action is not immediately clear.
Succession Crisis
A situation where an organization faces significant challenges in identifying and preparing a successor for a key leadership role.
Charismatic Leader
A person who inspires and motivates followers through their personality, persuasiveness, and charm.
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