Ember Company had the following transactions:
Year 1: Ember Company sells 20,000 shares of its no-par common stock for $30.
Year 2: Ember Company buys 2,000 shares of its no-par common stock for $24 per share.
Year 3: Ember Company declares and pays a dividend on its no-par common stock of $6 per share. The company's basic earnings per share were $16 in the third year.
Indicate the effect (increase, decrease, no effect) of each of these stock decisions for each year on the items listed below.

Question

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The Answer of Ember Company had the following transactions:
Year 1: Ember Company sells 20,000 shares of its no-par common stock for $30.
Year 2: Ember Company buys 2,000 shares of its no-par common stock for $24 per share.
Year 3: Ember Company declares and pays a dividend on its no-par common stock of $6 per share. The company's basic earnings per share were $16 in the third year.
Indicate the effect (increase, decrease, no effect) of each of these stock decisions for each year on the items listed below.

Ember Company Had the Following Transactions