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A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect

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A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity? a decrease, $350,000 Ob.no net effect on stockholders' equity O.c.decrease $200,000 Od increase, $200.000

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