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A corporation purchases 18000 shares of its own $20 par common stock for $30 per share, recording it at cost. What will be the effect on total stockholders’ equity? A)Decrease by $540000. B)Decrease by $180000. C)Decrease by $360000. D)Increase by $540000.

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A corporation purchases 18000 shares of its own $20 par common stock for $30 per share, recording it at cost. What will be the effect on total stockholders’ equity?

A)Decrease by $540000.

B)Decrease by $180000.

C)Decrease by $360000.

D)Increase by $540000.

 
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