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A corporation purchases 31,000 shares of its own $10 par common stock for $39 per share, recording it at cost. What will be the effect

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A corporation purchases 31,000 shares of its own $10 par common stock for $39 per share, recording it at cost. What will be the effect on total stockholders' equity? (Round your answer to the nearest whole number zero decimal places; if this event causes a decrease in stockholder's equity, enter the amount as a negative number, if this transaction causes increase in stockholder's equity, enter the answer as a positive number.) Your

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