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Quinn had one hundred common shares of Compact that she had purchased for $21 per share. She sold the shares to Randy for $28 per

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Quinn had one hundred common shares of Compact that she had purchased for $21 per share. She sold the shares to Randy for $28 per share. On Compact's books this would O be shown as an increase in shareholders' equity of $700. O be shown as an increase in retained earnings of $700. be shown as an increase to contributed surplus of $700. not be shown at all

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