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A corporation purchases 8,785 shares of its own $4 par common stock for $23 per share, recording it at cost. What will be the effect

A corporation purchases 8,785 shares of its own $4 par common stock for $23 per share, recording it at cost. What will be the effect on total stockholders' equity? O a. decrease by $202,055 O b. decrease by $166,915 O c. increase by $166,915 O d. incraise by $202,055

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