The Stockholders' Equity Section of Stallion Tack Shack Balance Sheet

question 11

Essay

The Stockholders' Equity section of Stallion Tack Shack balance sheet on January 1,2017,appeared as follows: $$\begin{array} { l r } \text { Common stock, } \$ 5 \text { par, } 30,000 \text { shares issued and outstanding } & \$ 150,000 \\\text { Additional paid-in capital-common } & 120,000 \\\text { Retained earnings } & 300,000 \\\text { Total stockholders' equity } & \$ 570,000\end{array}$$
On March 1,2017,Stallion reacquired 3,000 shares of common stock at $8 per share.Answer the following questions:
A) What amount would be reported on the March 31,2017 , bal ance sheet for treasury stock?

B) What is the number of outstanding shares at March 31, 2017?

C) How much is total stockholders' equity to be reported on the March 31,2018 , balance sheet?

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The exclusion of an individual or group from wider society, often used as a form of social punishment or correction.

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