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If a firm buys back a portion of its outstanding common stock using its cash, all else equal (i.e., this is the only activity involving

If a firm buys back a portion of its outstanding common stock using its cash, all else equal (i.e., this is the only activity involving the Balance Sheet),

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a) total assets will decrease

b) debt will increase

c)equity will increase

b)total assets will increase

In the income statement, R&D expenses are

Group of answer choices

a)Operating expenses

b)Special charges

c)COGS

d)Non-operating expenses

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