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Posted on Oct 18, 2024

On October 1 5 , Lynch Company purchased 1 0 0 0 shares of its own stock for $ 5 per share. On December 1

On October

15,

Lynch Company purchased

1000

shares of its own stock for $

5

per share. On December

10,

Lynch Company reissued

500

of those shares in the market for $

5

per share. How would the December

10

transaction affect the accounting equation?

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