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What is total stockholders' equity given the following information? Capital stock, $2 par, 50,000 common shares authorized, 40,000 shares issued and 38,000 shares outstanding: $80,000
What is total stockholders' equity given the following information? Capital stock, $2 par, 50,000 common shares authorized, 40,000 shares issued and 38,000 shares outstanding: $80,000 Paid-in-capital-in-excess of par Treasury stock (2,000 common shares at cost) 1,500,000 Retained earnings 55,000 $1,580,000 2,000,000 $3,525,000 $3,635,000 $3,580,000
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