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Centre Sports, Inc. purchased some of its stock from common shareholders during the year. What...

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Accounting

Centre Sports, Inc. purchased some of its stock from common shareholders during the year. What was the effect of the repurchase on the Stockholders Equity and the Earnings Per share at the end of the year?

Stockholders Equity increased, and the EPS decreased.

Stockholders Equity decreased, and the EPS decreased.

Stockholders Equity decreased, and the EPS increased.

Stockholders Equity increased, and the EPS increased.

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