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Edgewater Co. has the following December 31, 2018 equity balances: Common stock of $56,000; Additional...

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Accounting

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Edgewater Co. has the following December 31, 2018 equity balances: Common stock of $56,000; Additional paid-in capital of $84,000; and Retained earnings of $140,000. If Edgewater repurchases shares of its stock for $28,000, the total stockholders' equity balance would equal: Multiple Choice O $168,000. O $252,000. O $308,000. O $112,000

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