Dempsey Company retires shares that it buys back. In its first share repurchase transaction, Dempsey purchased stock for more than the price at which the stock was originally issued. What is the effect of the purchase of the stock on each of the following? Total paid-in capital - Retained earnings a. no effect - no effect b. decrease - no effect c. decrease - decrease d. no effect - decrease
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Dempsey Company retires shares that it buys back. In its first share repurchase transaction, Dempsey...
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