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By what amount donation stockholders equity to decrease

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Question - On December 1, 20X4, Line Corp. received a donation of 2,000 shares of its $5 par value common stock from a stockholder. On that date, the stock's market value was $35 per share. The stock was originally issued for $25 per share. By what amount would this donation cause total stockholders' equity to decrease?

a. $70,000

b. $50,000

c. $20,000

d. $0

Reference no: EM132736334

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