Thousand Islands Resorts has 1,750,000 shares of authorized common stock, each having a $1 par value. Over the years, it has issued 1,532,000 shares, but currently 63,000 are held as treasury stock. The additional paid-in capital of the company is presently $5,314,000. A. How many shares are now outstanding?Format: 1,111,111 B..If the company were able to sell stock at $19 per share, what is the maximum amount it could raise under its existing authorization, including treasury shares.Format: 1,111,111 C.What would be its common stock after the financing?Format: 1,111,111 D.What would be its additional paid-in capital accounts after the financing?Format: 11,111,111

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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.