Business, 05.05.2020 04:24 antonypaz6583

Presented below is the stockholders' equity section of Oriole Company at December 31, 2020: Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45200 shares $ 904000 Paid-in capital in excess of par value 345000 Retained earnings 510000 $1759000 During 2021, the following transactions occurred relating to stockholders' equity: 3000 shares were reacquired at $29 per share. 3200 shares were reacquired at $35 per share. 1700 shares of treasury stock were sold at $29 per share. For the year ended December 31, 2021, Oriole reported net income of $456000. Assuming Oriole accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2021, balance sheet? $2061700. $2058100. $2065300. $1609300.

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Presented below is the stockholders' equity section of Oriole Company at December 31, 2020: Common s...

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