$46$ points

Stokes Inc repurchases $2,850$ shares of treasury stock for $$17$ per share. How does this transaction effect the accounting equation?

Increase Assets $$48,450$; Decrease Stockholders' Equity $$48,450$

Increase Assets $$48,450$; Increase Stockholders Equity $$48,450$

Decrease Assets $$48,450$; Decrease Liabilities $$48,450$

Decrease Assets $$48,450$; Decrease Stockholders' Equity $$48,450$

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