Drewson Health Foods has 20000 shares of 4 par common stock

Drewson Health Foods has 20,000 shares of $4 par common stock outstanding, which were issued at $10 per share. Drewson also has a deficit balance in Retained Earnings of $89,000. How much is Drewson\'s total stockholders\' equity? O A. $80,000 OB. $200.000 O C. $111,000 O D. $289,000

Solution

Calculate total stockholder\' Equity ;

So answer is c) $111,000

Paid in capital
Common Stock	80000
Paid in capital in excess of par value	120000
Total paid in capital	200000
Less: Retained earnings	-89000
Total Stockholder\'s equity	111000