What is the total stockholders equity based on the following
What is the total stockholders\' equity based on the following account balances $100,000 500,000 190000 40,000 Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock C) a, $750,000 b. $600.000 c. $790,000 d $830.000
Solution
Stockholder’s equity
= Common stock + Pain-In capital in excess of par + Retained earnings – Treasury stock
= $100,000 + $500,000 + $190,000 - $40,000
= $750,000
So, as per above calculation, option a is the correct option
