Question
On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1.00 Par, 1,100,000 shares authorized
On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1.00 Par, 1,100,000 shares authorized 210,000 shares issued, 190,000 shares outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Treasury stock, 18,000 shares at $37.00 Total Stockholder's Equity $210,000 2,560,000 4,690,000 (666,000) $6,794,000 Assume that Water Front sells 1,000 shares of treasury stock at $43.00 per share. What is total stockholders' equity after this transaction? A. $6,800,000 B. $6,837,000 C. $6,751,000 D. $6,788,000
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