The following are the account balances of Rourke Co at Augus

The following are the account balances of Rourke Co. at August 31, 2014 Dividends Payable. Preferred Stock, $50 par Paid-in Capital in Excess of Par-Common What would Rourke\'s total stockholders\' equity be if Rourke had $5,000 of treasury stock? $30,000 Cash 50,000 Common Stock, $5 par 90,000 Retained Earnings 118,000 900,000 275,000 OA. $1,140,000 OB, $1,410,000 O C. $1,503,000 O D. $1,385,000

Solution

Total stockholders\' equity = 150000+90000+900000+275000-5000= $1410000 Option B is correct