On repurchasing some shares of its own common stock The total stockholders' equity is decreased when treasury shares are repurchased because a counter account called treasury stock is debited and its balance subtracted from the total stockholders' equity. Because they are no longer outstanding as a result of the repurchase of Treasury shares, the earnings per share will rise as the ratio's denominator falls.
More about repurchasing some shares:
A industry's choice to purchase its own shares from the market is referred to as a share repurchase or buyback. A corporation could repurchase its shares to raise the stock price and enhance the financial reports. When businesses have cash on hand and the stock market is rising, they frequently repurchase shares.
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