Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:

Business

1 answer:

diamong [38]3 years ago

4 0

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013 = Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

= $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

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