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At March 31, 2014, the Park Place Company Shows the Following

Question 115

Multiple Choice

At March 31, 2014, the Park Place Company shows the following data on their balance sheet: At March 31, 2014, the Park Place Company shows the following data on their balance sheet:   Assume Park Place purchases an additional 2,000 shares of treasury stock at $25 per share. What will the total equity be after this transaction? A) $7,802,000 B) $7,800,000 C) $7,830,000 D) $7,730,000 Assume Park Place purchases an additional 2,000 shares of treasury stock at $25 per share. What will the total equity be after this transaction?


A) $7,802,000
B) $7,800,000
C) $7,830,000
D) $7,730,000

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