Accounting HW quick question? -

a corporation purchase 22000 shares of its own $17 par value common stock for $25 per share, recording it at cost. what will be the effect on total stockholders equity?A. increase by $550,000B. Decrease by $374,000C. Decrease by $550,000D. increase by $374,000also explain why its so. thank you

The purchase adding to the equity .. so it will be increase and 17 dollars per share 22,000 so the answer is D - increase by $374,000Good luck and have a great day ...