Reeves inc sold 1000000 shares of 25 par value common stock

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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 stockholders' equity given the above transactions.(Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13610493

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