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Dandonlin, Inc. repurchased its own stock on the open market. Dandonlin acquired 200,000 shares, $1 par value common stock during 2016 paying $32 per share

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Dandonlin, Inc. repurchased its own stock on the open market. Dandonlin acquired 200,000 shares, $1 par value common stock during 2016 paying $32 per share 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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