Answer:
total stockholders' equity = $660000
Explanation:
provided information
Shares issued = 15,000
par value = $0.01 each
issued price = $39.00 each
net profit = $300,000
dividends paid = $15.00 for each share
to calculate
total stockholders' equity
solution
we derive here the common stock value as
common stock = 15,000 × $39
common stock = $585000
and
the amount for dividends is = $15 × 15000
dividends = 225000
thus
total stockholders' equity will be
total stockholders' equity = common stock + net profit - dividends
total stockholders' equity = $585000 + $300,000 - 225000
total stockholders' equity = $660000
