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XYZ Company had total stockholders equity comprising Paid In Capital of $192,000 and Retained Earnings of $72,000. In the current year, it had the following
XYZ Company had total stockholders equity comprising Paid In Capital of $192,000 and Retained Earnings of $72,000. In the current year, it had the following stock related transactions. -- Issued 1,000 shares of $10 par common stock for $27 per share. -- Purchased 200 shares of treasury stock at $24 per share. -- Paid Cash dividends of 14,000 The total stockholders equity after recording these transactions is: 1) $281,800 2) $272,200 3) $255,200 4) $277,000
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