Kohler Corporation reported stockholders' equity of $730,000 at the end of the prior year, consisting of $400,000 in common stock, $60,000 in paid-in capital, and $270,000 in retained earnings. During the current year, Kohler purchased 4,000 shares of its own stock for $80,000 in cash.
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Kohler Corporation reports the following components of stockholders�.pdf
1. Kohler Corporation reports the following components of stockholders equity at December 31 of
the prior year. Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and
outstanding $ 400,000 Paid-in capital in excess of par value, common stock 60,000 Retained
earnings 270,000 Total stockholders' equity $ 730,000 During the current year, the following
transactions affected its stockholders equity accounts. January 2 Purchased 4,000 shares of its
own stock at $20 cash per share. Januar