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Palvia Service Company views share repurchases as treasury stock. Palvia purchased shares and then later...

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Accounting

Palvia Service Company views share repurchases as treasury stock. Palvia purchased shares and then later sold the shares at more than their acquisition price. What is the effect of the sale of the treasury stock on each of the following?
Retained earnings Paid-in capital a. increase increase b. increase no effect c. no effect no effect d. no effect increase
Multiple Choice
Option a
Option b
Option c
Option d

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