Multiple Choice
A corporation purchases 40000 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 $600000
B) Decrease by $1200000
C) Increase by $1200000
D) Decrease by $600000
Correct Answer:
Verified
Correct Answer:
Verified
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