Question
On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet Stockholders' Equity Common Stock, $1.00 Par, 1,010,000 shares authorized 230,000
On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet Stockholders' Equity Common Stock, $1.00 Par, 1,010,000 shares authorized 230,000 shares issued, 210,000 shares outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Treasury stock, 13,000 shares at $29.00 Total Stockholder's Equity $230,000 2,560,000 4,770,000 (377,000) $7,183,000 Assume that Water Front sells 1.200 shares of treasury stock at $40.00 per share. What is total stockholders' equity after this transaction? A. $7,196,200 OB. $7,135,000 OC. $7.169,800 OD. $7,231,000 Question Viewer
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