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Peter's Computers purchased 4,000 shares of its own $5 par value common stock for $97,000. As a result of this transaction: A. Peter's stockholders' equity

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Peter's Computers purchased 4,000 shares of its own $5 par value common stock for $97,000. As a result of this transaction: A. Peter's stockholders' equity increased $20,000. B. Peter's stockholders' equity decreased $97,000. C. Peter's stockholders' equity increased $77,000. D. Poter's stockholders' equity increased $97,000

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