Ladder Distributors The stockholders' equity section of the December 31,2014,balance sheet is provided below:
Assume that all of the 20,000 shares of stock that was issued as of December 31,2014,was issued for $42 per share.On March 1,2015,the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors.What is the total amount of stockholders' equity that will be presented on the company's March 31,2015,balance sheet?
A) $1,340,000
B) $1,372,000
C) $1,708,000
D) $1,740,000
Correct Answer:
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