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QUESTION 21 A corporation purchases 3,000 shares of its own $5 par ordinary shares for $15 per share, recording it at cost. What will be

QUESTION 21 A corporation purchases 3,000 shares of its own $5 par ordinary shares for $15 per share, recording it at cost. What will be the effect on total equity? O a. Decrease by $15,000. b. Increase by $45,000. O c. Decrease by $45,000. O d. No effect

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