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Dandonlin, Inc. repurchased its own stock on the open market. Dandonlin acquired 200,000 shares during 2016 paying a total of $6.4 million cash. Indicate the

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Dandonlin, Inc. repurchased its own stock on the open market. Dandonlin acquired 200,000 shares during 2016 paying a total of $6.4 million cash. Indicate the accounts that will be affected by this transaction, the direction of the effect, and the dollar amount of the effect

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