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A corporation purchases 10,000 shares of lits own $20 par common stock for $35 per...

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Accounting

A corporation purchases 10,000 shares of lits own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholder's equity?
increase, $2,200,000
decrease, $200,000
increase, $350,000
decrease, $350,000
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