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Smith Corporation purchases 30,000 shares of its own $20 par value common stock for $50 per share. What will be the effect on stockholders' equity?
Smith Corporation purchases 30,000 shares of its own $20 par value common stock for $50 per share. What will be the effect on stockholders' equity? A. decrease $1,500,000 B. increase $1,500,000 O C. decrease $600,000 OD. increase $600,000
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