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Business, 05.12.2019 20:31 kennakenken3

Acorporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. what will be the effect on total stockholders' equity?
a. increase, $100,000
b. increase, $350,000
c. decrease, $100,000
d. decrease, $350,000

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