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A corporation purchases 6,225 shares of its own $4 par common stock for $30 per share, recording it at cost. What will be the effect

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A corporation purchases 6,225 shares of its own $4 par common stock for $30 per share, recording it at cost. What will be the effect on total stockholders equity? Select the correct answer O increase by $186,750 O increase by $161,850 O decrease by $186,750 O decrease by $161,850

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