Business, 19.08.2019 23:20 Emptypockets451

Acorporation purchases 29000 shares of its own $20 par common stock for $35 per share, recording it at cost. what will be the effect on total stockholders’ equity?
a. decrease by $58.
b. increase by $1015000.
c. decrease by $1015000.
e. decrease by $435000.

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Acorporation purchases 29000 shares of its own $20 par common stock for $35 per share, recording it...