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A company sells treasury stock at less than its acquisition price. No previous sales of treasury stock have occurred. What effect will the sale have

A company sells treasury stock at less than its acquisition price. No previous sales of treasury stock have occurred. What effect will the sale have on Retained Earnings and earnings per share, respectively?

Select one:

Decrease and no effect

Increase and no effect

Decrease and increase

Increase and decrease

Decrease and decrease

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