SesameSweet Inc. has 220,000 shares outstanding with a market price of $12 per share. On the balance sheet, common stock is $760,000, and retained earnings are $275,000. There are no transactions costs.
What is total owners' equity for SesameSweet?
A) $220,000
B) $495,000
C) $760,000
D) $1,035,000
E) $3,455,000
Correct Answer:
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