Schoen Inc repurchases 3,000 shares of treasury stock for $23 per share. How does this transaction effect the accounting equation? Schoen Inc repurchases 3,000 shares of treasury stock for $23 per share. How does this transaction effect the accounting equation? Increase Assets $69,000; Increase Stockholders' Equity $69,000 Decrease Assets $69,000; Decrease Stockholders' Equity $69,000 Increase Assets $69,000; Decrease Stockholders' Equity $69,000 Decrease Assets $69,000; Decrease Liabilities $69,000