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This Question: 4 pts On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1
This Question: 4 pts On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,200,000 shares authorized 230,000 shares issued, 180,000 shares outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Treasury stock, 50,000 shares at $31 Total Stockholders' Equity $230,000 2,470,000 4,800,000 (1,550,000) $5,950,000 25 of 25 (10 complete) Assume that Water Front sells 1,600 shares of treasury stock at $37 per share. What is total stockholders' equity after this transaction? OA. $5,940,400 OB. $5,890.800 OC. $6,009,200 OD. $5,959,600 Click to select your answer. Type here to search e
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