Problem

Reeves. Inc.. sold 1,000.000 shares of $25 par value common stock at $30. It subsequently...

Reeves. Inc.. sold 1,000.000 shares of $25 par value common stock at $30. It subsequently re­purchased 100,000 of those shares at $50 per share and then sold 70.000 of those shares at $55. Calculate the total amount of stockholder’s equity given the above transactions.

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