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Speedy Corporation had the following account balances prior to repurchasing some of its stock:
Common Stock, $6 par, 50,000 shares authorized;
25,000 shares issued and outstanding
$ 150,000
Paid-in Capital in Excess of Par Value --- Common Stock
735,000
Retained Earnings
450,000
Total Stockholders' Equity
$1,335,000
Speedy repurchased 2,000 shares of its common stock and held it in the treasury. Speedy paid $33 per share to repurchase its stock. What are the balances of Common Stock and Total Stockholders' Equity after the repurchase?
Common Stock
Total SE
a.
$ 138,000
$1,269,000
b.
c.
d.
e.
$1,330,000
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