Sandwall Corporation purchased 2,400 shares of its own $1.60 par value common stock for $170,000....

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Accounting

Sandwall Corporation purchased 2,400 shares of its own $1.60 par value common stock for $170,000. As a result of this transaction, the company's stockholders' equity
A. increased by $166,160.
B. decreased by $170,000.
C. increased by $3,840.
D. increased by $170,000.
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