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On January 1, 2012, Cocker reacquired 8,000 of the outstanding shares of its own common stock for $34 per share. None of these shares belonged to Popper. How would this transaction have affected the additional paid-in capital of the parent company?

A. $0.

B. decrease it by $32,900.

C. decrease it by $45,700.

D. decrease it by $49,400.

E. decrease it by $50,500.

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