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- May 31: Repurchased 50,000 of the above shares at $38 per share - September 30: Reissued 25,000 of the repurchased shares at $40 per

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- May 31: Repurchased 50,000 of the above shares at $38 per share - September 30: Reissued 25,000 of the repurchased shares at $40 per share. - December 31 . Reissued 25,000 of the repurchased shares at $34 per share. Assuming that the company uses the cost method to record its treasury slock activity, what is the effect of the above transactions on its retained earnings account? $0 $50 , 000 decrease $100 , 000 decrease $200 , 000 decrease

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