Multiple Choice
A corporation purchases 40,000 shares of its own $10 par ordinary shares for $25 per share, recording it at cost. What will be the effect on total equity?
A) Increase by $400,000
B) Decrease by $1,000,000
C) Increase by $1,000,000
D) Decrease by $400,000
Correct Answer:
Verified
Correct Answer:
Verified
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