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Blue Spruce Corp, purchased 5500 shares of its own previously issued $10 par common stock for $132000. As a result of this event, Blue's Common

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Blue Spruce Corp, purchased 5500 shares of its own previously issued $10 par common stock for $132000. As a result of this event, Blue's Common Stock account decreased $55000. Blue's total stockholders' equity decreased $132000. Blue's Paid-in Capital in excess of Par Value account decreased $77000. All of these answer choices are correct

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