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What effect will the sale have on retained earnings

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Reference no: EM132778227

Problem 1: A company sells treasury stock at less than its acquisition price. No previous sales of treasury stock have occurred. What effect will the sale have on Retained Earnings and earnings per share, respectively?

Select one:

a. Decrease and no effect
b. Increase and no effect
c. Decrease and increase
d. Increase and decrease
e. Decrease and decrease

Reference no: EM132778227

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