A regional chain of medical clinics had the following information pertaining to its stockholders' equity accounts at December 1, 2015:
No dividends were paid during 2015. On December 15, 2015, the clinic repurchased 3,000 shares of its common stock for $80 per share. On December 31, the bookkeeper closed the books, reporting net income of $2,500,000.

Question

A regional chain of medical clinics had the following information pertaining to its stockholders' equity accounts at December 1, 2015:
  No dividends were paid during 2015. On December 15, 2015, the clinic repurchased 3,000 shares of its common stock for $80 per share. On December 31, the bookkeeper closed the books, reporting net income of $2,500,000.

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The Answer of A regional chain of medical clinics had the following information pertaining to its stockholders' equity accounts at December 1, 2015:
  No dividends were paid during 2015. On December 15, 2015, the clinic repurchased 3,000 shares of its common stock for $80 per share. On December 31, the bookkeeper closed the books, reporting net income of $2,500,000.

A Regional Chain of Medical Clinics Had the Following Information