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A company purchases 600 shares of its $1 par value common stock at $40 per share. The effect of this transaction would be a(n) A.

A company purchases 600 shares of its $1 par value common stock at $40 per share. The effect of this transaction would be a(n)

	A.	Increase to Cash for $24,000.
	B.	Increase to Treasury Stock for $24,000.
	C.	Increase to Treasury Stock for $600.
	D.	Decrease to Common Stock for $600.

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