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On January 1, ABC had 10,000 shares of $5 par common issued and outstanding. The stock was originally issued for $20 per share. Total stockholders
On January 1, ABC had 10,000 shares of $5 par common issued and outstanding. The stock was originally issued for $20 per share. Total stockholders equity was $400,000. During the year, ABC reacquired 1,000 shares of its own stock for $15 per share and subsequently reissued 500 shares for $16 per share. Net income and dividends paid during the year are $75,000 and $25,000, respectively.
What is ending stockholders equity?
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