Rosa, Inc. purchases 1,000 shares of its own previously issued $5 par common

Rosa, Inc. purchases 1,000 shares of its own previously issued $5 par common stock for $11,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders" equity?

 

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