The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows: Preference shares (100 000) $200 000 Ordinary shares (350 000) $1 050 000 Reserves $160 000 Retained earnings $450 700 Total shareholders' equity $1 860 700 On 1 July 2020 the company declared a 20% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.50 per ordinary share and on 15 July the market price was $2 per ordinary share. On 1 August, Charbel issued 50 000 ordinary shares for $2 per share. On 1 September Charbel bought back $200 000 of ordinary shares, priced at $2.50 each. On 1 November 2020 the company declared a 90c per share cash dividend, payable on 25 November 2020. On 1 December 2020, how many ordinary shares does Charbel have outstanding?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.