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