Satchel Inc. purchases 10,000 shares of its own previouslyissued $10 par common stock for $290,000. Assuming theshares are held in the treasury with intent to reissue,what effect does this transaction have on (a) net income,(b) total assets, (c) total paid-in capital, and (d) totalstockholders’ equity?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.