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BAPTIST Healthcare Enterprises acquires 85,000 shares of its own $5 par value common stock for $16 per share. What will be the effect on total

image text in transcribed BAPTIST Healthcare Enterprises acquires 85,000 shares of its own $5 par value common stock for $16 per share. What will be the effect on total stockholders' equity? increase $1,360,000 decrease $1,360,000 increase $425,000 decrease $425,000

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