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When a company repurchases its own shares and pays more to buy the shares than they received when originally issued: a) The excess purchase price

When a company repurchases its own shares and pays more to buy the shares than they received when originally issued:

a)

The excess purchase price will decrease Accumulated Other Comprehensive Income

b)

The excess purchase price will decrease Retained Earnings

c)

The excess purchase price will increase Accumulated Other Comprehensive Income

d)

The excess purchase price will create a long-term liability

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