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Evergreen Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event, Evergreen's Common

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Evergreen Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event, Evergreen's Common Stock account decreased $50,000. Evergreen's total stockholders' equity decreased $115,000 Evergreen's Paid-in Capital in Excess of Par account decreased $65,000. O All of these answers are correct

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