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Calculate Stockholders' Equity Jet Prep Company has a retained earnings balance of $150,000, a treasury stock balance of $30,000, and a common stock balance of

Calculate Stockholders' Equity

Jet Prep Company has a retained earnings balance of $150,000, a treasury stock balance of $30,000, and a common stock balance of $200,000. The market value of Jet Prep's common stock is $400,000.

Required:

Calculate total stockholders' equity that would be reported on the balance sheet. $ _________________

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