Question: NOTE: The following information (DATA SET A) will be used in three exam questions, cach asking for a different response Newton, Inc. has the following
NOTE: The following information (DATA SET A) will be used in three exam questions, cach asking for a different response Newton, Inc. has the following information: 1. Par value of common stock is st per share. 2. Shares authorized: 10,000 Shares issued: 6,000 3.2,000 shares of treasury stock were purchased for $10 per share, 600 of those shares were resold to outsiders for $22 per share No other treasury stock transactions have occurred. 4. Total net income since inception: $250,000 5. Additional paid-in capital balance: $70,000 6. Dividends declared since inception: 5160,000 What amount of total stockholders equity should Newton report? Numeric Response
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