#1. Hawthorn corporation adjusted trial balance contained the following accounts at December 31,2017: retained earnings 120000. Common stock 750000. Bonds payable 100000. Paid in capital in excess of par. Common stock 200000. Goodwill 55000. Accumulated other comprehensive loss 150000, and non-controlling interest 63000. Requirement: Prepare the shareholders equity section of the Balance Sheet.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.