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A Corporation Purchases 10,000 Shares of Its Own $10 Par

Question 157

Multiple Choice

A corporation 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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