Flint Company had the following account balances at year-end: Cost of Goods Sold $64,950; Inventory $14,340; Operating Expenses $29,600; Sales Revenue $122,540; Sales Discounts $1,100; and Sales Returns and Allowances $1,970.
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Amber corporation purchases? 50,000 shares of its own? $10 par value common stock for? $50 per share. what will be the effect on? stockholders' equity? a. decrease? $2,500,000 b. decrease? $500,000 c. increase? $500,000 d. increase? $2,500,000
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