Sinless5050 Sinless5050

03-06-2023
Business

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A corporation purchases 5,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholder's equity? a. Increase $175,000 b. Increase $350,000 c. Decrease $350,000 d. Decrease $175,000

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