On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet: Stockholders'...

 

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On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,130,000 shares authorized 220,000 shares issued, 190,000 shares outstanding Paid - In Capital in Excess of Par-Common Retained Earnings Treasury stock, 30,000 shares at $40 Total Stockholders' Equity $220,000 2,540,000 4,700,000 (1,200,000) $6,260,000 Assume that Water Front sells 900 shares of treasury stock at $32 per share. What is total stockholders' equity after this transaction? On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,130,000 shares authorized 220,000 shares issued, 190,000 shares outstanding Paid - In Capital in Excess of Par-Common Retained Earnings Treasury stock, 30,000 shares at $40 Total Stockholders' Equity $220,000 2,540,000 4,700,000 (1,200,000) $6,260,000 Assume that Water Front sells 900 shares of treasury stock at $32 per share. What is total stockholders' equity after this transaction?

Answer rating: 100% (QA)

To calculate the total stockholders equity after the transaction we need to adjust the Treasury stoc... View the full answer