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Treasury Stock Jumper Company purchases 24,000 shares of treasury stock for $15 per share. Required: 1. How will this transaction affect stockholders' equity? If

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Treasury Stock Jumper Company purchases 24,000 shares of treasury stock for $15 per share. Required: 1. How will this transaction affect stockholders' equity? If there is no effect, choose "No effect" and enter zero ("0"). by $ 2. How will this transaction affect net income? If there is no effect, choose "No effect" and enter zero ("0"). by $

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