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Kuhn Industries has issued 7,000 shares of $10 par value preferred stock and 120,000 shares of $5 par value common stock. All the shares were
Kuhn Industries has issued 7,000 shares of $10 par value preferred stock and 120,000 shares of $5 par value common stock. All the shares were issued at par value. It also reports retained earnings of $230,000. If Kuhn repurchases 6,000 shares of common stock at $4 per share, what is the companys total stockholders equity?
$670,000
$894,000
$900,000
$876,000
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