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On November 6, Coleman Corp. reacquired 1,600 shares of its $5 par value common stock for $29 each. On November 20, Coleman Corp. reissued 1,200

On November 6, Coleman Corp. reacquired 1,600 shares of its $5 par value common stock for $29 each. On November 20, Coleman Corp. reissued 1,200 shares for $32 each. Which of the following is correct regarding the effect of the journal entry for the reissued shares?

Liabilities decrease.

Assets decrease.

Expenses increase.

Stockholders Equity increases.

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