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Dempsey Co. purchased back stock from its stockholders and then resold it at a price higher than the cost. What is the effect of the

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Dempsey Co. purchased back stock from its stockholders and then resold it at a price higher than the cost. What is the effect of the resale of this stock on each of the following? Total paid-in capital no effect increase decrease no effect Retained earnings no effect no effect decrease decrease Select one: a. Option A O b. Option B c. Option C O d. Option D

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