A corporation purchases 10000 shares of its own 10 par

Reference no: EM13460566

A corporation purchases 10,000 shares of its own $10 par common stock for $17.50 per share, recording it at cost. What will be the effect on total stockholders' equity?

a. Decrease, $175,000

b. Decrease, $100,000

c. Increase, $175,000

d. Increase, $100,000

Reference no: EM13460566

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