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A corporation purchases 34000 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 34000 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? Decrease by $1190000. O Decrease by $680000. O Increase by $1190000. O Decrease by $510000

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