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A corporation purchases 17000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect

A corporation purchases 17000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity? Decrease by $340000. Decrease by $85000. Increase by $425000 Decrease by $425000

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