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Luz, Inc. purchases 1,000 shares of its own previously issued OMR 5 par value ordinary shares for OMR 9,000. On a later date, the purchased
Luz, Inc. purchases 1,000 shares of its own previously issued OMR 5 par value ordinary shares for OMR 9,000. On a later date, the purchased treasury shares are resold by Luz Inc., for OMR 13,000. What do the above transactions affect net income, total assets, retained earnings, and total equity, and show overall net effect amount?
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