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A corporation purchases 6,772 shares of its own $6 par common stock for $20 per share, recording it at cost. What will be the effect

A corporation purchases 6,772 shares of its own $6 par common stock for $20 per share, recording it at cost. What will be the effect on total stockholders' equity?

Select the correct answer.

increase, $94,808

decrease, $94,808

increase, $135,440

decrease, $135,440

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