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Smith Corporation purchases 40,000 shares of its own $10 par value common stock for $70 per share. What whe be the effect on stookicisers maty?

Smith Corporation purchases 40,000 shares of its own $10 par value common stock for $70 per share. What whe be the effect on stookicisers maty? A. decrease $400,000 B. increase $400,000 C. decrease $2,800,000 D. increase $2,800,000

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