Just In Thyme, Inc., has the following year-end shareholders' equity balances: Common Stock of $20,000; Paid-in Capital in Excess of Par of $30,000; and Retained Earnings of $50,000. If Just In Thyme repurchases $10,000 of its stock, the total shareholders' equity balance would equal ______.
a. 90000
b. 70000
c. 80000
d. 60000
Ans: a. 90000
Business
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