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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 230,000
shares issued, 210,000
shares outstanding $230,000 Paid -
In Capital in Excess of Par-Common 2,510,000
Retained Earnings 4,680,000
Treasury stock, 20,000 shares at $28 (560,000)
Total Stockholders Equity $6, 860,000

Assume that Water Front sells 1.800 shares of treasury stock at $32 per share. What is total stockholders equity after this transaction?
A. $6,852,800
B. $6,917.600
C. $6,802,400
D. $6.867.200

Sagot :

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