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Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common stock as treasury stock. The purchase of treasury

Assume that a company paid $7 per share to purchase 1,800 shares of its $2 par common stock as treasury stock. The purchase of treasury stock 

A. Decreased total equity by $3,600, 

B. Increased total equity by $12,600

c. Decreased total equity by $12,600. 

D. Increased total equity by $3,600.

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