Q3.

[The following information applies to the questions displayed below Check my work The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 200,000 160,000 340,000 $ 700,000 stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,eee restricted by treasury stock) $237,000 211,800 420,000 868,800 50,000 $818,800 Less cost of treasury stock . Total stockholders' equity 7 of 7 Next > K Prev