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Determine the financial effect of selling treasury stock above cost: Assets: Increase Liabilities: No Effect SHE: Increase Revenue: No Effect Expense: No Effect Net Income:

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Determine the financial effect of selling treasury stock above cost: Assets: Increase Liabilities: No Effect SHE: Increase Revenue: No Effect Expense: No Effect Net Income: No Effect Assets: Decrease Liabilities: No Effect SHE: Decrease Revenue: No Effect Expense: No Effect Net Income: No Effect Assets: Increase Liabilities: Decrease SHE: Increase Revenue: Increase Expense: No Effect Net Income: Increase Assets: Increase Liabilities: Increase SHE: Decrease Revenue: No Effect Expense: Increase Net Income: Decrease Assets: No Effect Liabilities: No Effect

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