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What will be the effect on total stockholders equity

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Question - A corporation purchases 9,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be the effect on total stockholders' equity?

Reference no: EM132119136

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What will be the effect on total stockholders equity : A corporation purchases 9,000 shares of its own $5 par common stock for $8 per share, recording it at cost. What will be effect on total stockholders' equity
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