a corporation purchases 17000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity? A.) Increase by $425000 B.) Decrease by $425000 C.) Decrease by $85000 D.) Decrease by $340000

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
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a corporation purchases 17000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity?

A.) Increase by $425000

B.) Decrease by $425000

C.) Decrease by $85000

D.) Decrease by $340000

Please explain other options why these are incorrect dont use ai boats thank you

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