Multiple Choice
A corporation purchases 30,000 shares of its own $15 par common stock for $30 per share, recording it at cost. What will be the effect on total stockholders' equity?
A) Increase by $450,000
B) Decrease by $900,000
C) Increase by $900,000
D) Decrease by $450,000
Correct Answer:
Verified
Correct Answer:
Verified
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