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Assume that a company paid $6 per share to purchase 1,100 shares of its $3 par common stock as treasury stock. The purchase of treasury

Assume that a company paid

$6

per share to purchase 1,100 shares of its

$3

par common stock as treasury\ stock. The purchase of treasury stock\ A. increased total equity by

$3,300

.\ B. decreased total equity by

$3,300

.\ C. decreased total equity by

$6,600

.\ D. increased total equity by

$6,600

.

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