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Question 59 A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share. What will be the total effect on stockholders' equity? increase by $350,000 decrease by $200,000 decrease by $350,000 decrease by $150 000 This transaction will have no effect on stockholders' equity D Question 60 A corporation has 40,000 shares of $100 par value 10% preferred stock outstanding Also there are 40,000 shares of S1 par value, common stock outstanding. I a S500.000 dividend is paid, how much goes to the preferred stockholders? rone $50,000 $250.000 $400,000