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A corporation purchases 13000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect

A corporation purchases 13000 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? O Decrease by $455000 o Decrease by $260000 O Increase by $455000. O Decrease by $195000

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