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May 31 Repurchased 50,000 of the above shares at $38 per share. September 30: Reissued 25,000 of the repurchased shares at $40 per share December
May 31 Repurchased 50,000 of the above shares at $38 per share. September 30: Reissued 25,000 of the repurchased shares at $40 per share December 31 Reissued 25,000 of the repurchased shares at $34 per share. Assuming that the company uses the cost method to record its treasury stock activity, what is the effect of the above transactions on its retained earnings account? O $0 O $50,000 decrease O $100,000 decrease $200,000 decrease
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