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When a corporation purchases a part of its shares . this decision will lead to ?

1- Decrease of its assets .

2- Increase of its assets .

3- No effect on its assets .

Accounting US GAAP CMA
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Question added by Deleted user
Date Posted: 2015/10/23
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IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

It will lead to decrease of its Assets, hence the answer is option-1

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