Big Company reported the following balances on its 1 2 / 3 1 / X 1 balance
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Question:
Big Company reported the following balances on its X balance sheet:
Capital Stock $ par $
Additional Paid in Capital $
Preferred Stock $ par $
Retained Earnings $
Total Equity $
Assume that on X Big purchased shares of Big common stock at an average price of $ per share and shares of Big preferred stock for $ per share. How much total equity should Big report immediatey after the share purchases on X
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