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A corporation purchases 42500 shares of its own $15 par common stock for $30 per share, recording it at cost. What will be the effect

A corporation purchases 42500 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? Increase by $637500 Decrease by $1275000 Decrease by $637500 O Increase by $1275000

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