Multiple Choice Question 219 The trial balance of Houston In

Multiple Choice Question 219 The trial balance of Houston Inc. includes the following balances: Common Stock, $40000; Paid-in Capital in Excess of Par, $64000; Treasury Stock, $6000; Preferred Stock, $30000. Capital stock totals O $134000. $140000. O $70000 $104000

Solution

Answer: $ 70,000.

Capital Stock = Common Stock + Preferred Stock = $ 40,000 + $ 30,000 = $ 70,000.