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A corporation purchases 7,380 shares of its own $4 par common stock for $16 per share, recording it at cost. What will be the effect

A corporation purchases 7,380 shares of its own $4 par common stock for $16 per share, recording it at cost. What will be the effect on total stockholders' equity? a. decrease by $118,080 Ob. decrease by $88,560 Oc. increase by $88,560 Od. increase by $118,080

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