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Amber Corporation purchases 40,000 shares of its own $20 par value common stock for $80 per share. What will be the effect on stockholders' equity?

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Amber Corporation purchases 40,000 shares of its own $20 par value common stock for $80 per share. What will be the effect on stockholders' equity? O A. decrease $800,000 O B. increase $3,200,000 O C. increase $800,000 O D. decrease $3,200,000

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