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The Kansas Company was started when it issued 200 shares of $5 par value common stock at a market price of $20 per share.
The Kansas Company was started when it issued 200 shares of $5 par value common stock at a market price of $20 per share. The company repurchased 10 shares at a market price of $15 per share. Later the company reissued 5 shares at a market price of $20 per share. At the end of the first year of operations the company's stockholders' equity included $1,200 of retained earnings in addition to its contributed capital. The total amount of stockholders' equity at the end of the first year would be O $1,200 O $5,200 $5,150 none are correct
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