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A corporation purchases 9 , 2 4 8 shares of its own $ 9 par common stock for $ 2 5 per share, recording it

A corporation purchases 9,248 shares of its own $9 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity
a. decrease by $231,200
b. decrease by $147,968
c. increase by $147,968
d. increase by $231,200
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