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Question Content Area A corporation purchases 7,546 shares of its own $2 par common...

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Accounting

Question Content Area
A corporation purchases 7,546 shares of its own $2 par common stock for $16 per share, recording it at cost. What will be the effect on total stockholders' equity?
a. increase by $105,644
b. increase by $120,736
c. decrease by $120,736
d. decrease by $105,644

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