7 In January 2020, Coronado Industries, a newly formed company, issued 10200 shares of its $8 par common stock for $13 per share. On July 1, 2020, Coronado Industries reacquired 1020 shares of its outstanding stock for $10 per share. 1. The acquisition of these treasury shares increased total stockholders' equity. 2. decreased total stockholders' equity. 3. did not change total stockholders' equity. 4. decreased the number of issued shares.
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