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JC CORP HAD 20000 shares of $4 par value common stock outstanding on January 1 2021. on january 20, 2021, the company purchased 2000 of

JC CORP HAD 20000 shares of $4 par value common stock outstanding on January 1 2021. on january 20, 2021, the company purchased 2000 of the outstanding sharesof $16 per share. how does it affect the accounting equation

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