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A corporation purchases 4 2 6 0 0 shares of its own $ 1 5 par common stock for $ 3 0 per share, recording

A corporation purchases

42600

shares of its own $

15

par common stock for $

30

per share, recording it at cost

.

What will be the effect on total stockholders' equity?

Decrease by $

1278000

Increase by $

639000

Increase by $

1278000

Decrease by $

639000

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