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What is the total stockholders equity based account balances

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Reference no: EM132512712

On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current fair-market price of $66 per share.

On April 1, the Prakash Corporation issued 20,000 shares of $2 par value common stock at $23 per share.

Question 1: What is the total stockholders' equity based on the following account balances?

Common Stock $400,000

Paid-In Capital in Excess of Par 90,000

Retained Earnings 190,000

Treasury Stock 20,000

Reference no: EM132512712

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