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On December 2. Coley Corporation acquired 3,800 shares of its $2 par value common stock for $34 each. On December 20, Coley Corporation resold 1,420

On December 2. Coley Corporation acquired 3,800 shares of its $2 par value common stock for $34 each. On December 20, Coley Corporation resold 1,420 shares for $36 each. Which of the following is correct regarding the effect of the reselling of shares on the balance sheet? Multiple Choice Stockholders' Equity increases Assets decrease Liabilities decrease Expenses increase

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