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What is reilly company total equity at the end of march

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Question - Reilly Company started with $400,000 of equity at the beginning of March. What is Reilly Company's total equity at the end of March?

Reilly Company had the following transactions in March:

- repurchased 1,000 shares of stock for $9 each

- had $40,000 of net income during the month

- did a 2:1 stock split on 100,000 shares of stocks outstanding with a par value of $.01 and the market price of $20 a share

Reference no: EM133125423

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