Treasury stock on stockholders equity

1) What effect will the acquisition of have on stockholders’ equity and earnings per share, respectively?

A. Decrease and no effect
B. Increase and decrease
C. Increase and no effect
D. Decrease and increase

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2) On May 1, 2007, . declared and issued a . Prior to this dividend, Kent had 100,000 shares of $1 par value common stock issued and outstanding. The of Kent ‘s common stock was $20 per share on May 1, 2007. As a result of this stock dividend, Kent’s total stockholders’ equity

A. did NOT change
B. increased by $200,000
C. decreased by $10,000
D. decreased by $200,000

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