XYZ Corporation was organized on January 1, 2013, at which date it issued 100,000 shares of $10 par common stock at $15 per share. During the period January 1, 2013, through December 31, 2015, Weaver reported a net income of $450,000 and paid cash dividends of $230,000. On January 10, 2015, Weaver purchased 6,000 shares of its common stock at $12 per share. On December 31, 2015, Weaver sold 4,000 treasury shares at $8 per share. Weaver uses the cost method of accounting for treasury shares. What is Weaver's total stockholders' equity on December 31, 2015?

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Heres how to calculate Weavers total stockholders equity on December 31 2015 1 Calculate the initial ... View the full answer