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  3. a corporation purchases 9,345 shares of its own $9

A corporation purchases 9,345 shares of its own $9 par common stock for $27 per...

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Accounting

A corporation purchases 9,345 shares of its own $9 par common stock for $27 per share, recording it at cost. What will be the effect on total stockholders' equity?

Select the correct answer.

increase by $168,210

increase by $252,315

decrease by $252,315

decrease by $168,210

Answer & Explanation Solved by verified expert
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