Solved: Reeves inc sold 1000000 shares of 25 par value common stock, Accounting Basics

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Reeves inc sold 1000000 shares of 25 par value common stock

Reeves, Inc., sold 1,000,000 shares of $25 par value common stock at $30. It subsequently repurchased 100,000 of those shares at $50 per share and then sold 70,000 of those shares at $55.

Calculate the total amount of stockholders' equity given the above transactions.

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Accounting Basics: Reeves inc sold 1000000 shares of 25 par value common stock

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Accounting Basics: Reeves inc sold 1000000 shares of 25 par value common stock

Reference No:- TGS0777276

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