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What net effect did repurchase and resell of common stock

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Question 1: Chainmail Mall had 100,000 outstanding shares of common stock. On June 16, 2018, Chainmail repurchased 20,000 shares of its own stock at $30 per share. On July 23, 2018, Chainmail resold 10,000 shares at $28 per share. What net effect did the repurchase and the resell of common stock have on the accounting equation?

Reference no: EM132499717

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