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A corporation shows the following account balances: Retained earnings Treasury stock-common Paid-in capital in excess of par value-common Treasury stock-preferred Common stock Preferred stock. Paid-in capital in excess of par value-preferred How much is total stockholders' equity? $400,000 20,000 55,000 30,000 200,000 180,000 60,000

A corporation shows the following account balances: Retained earnings Treasury stock-common Paid-in capital in excess of par value-common Treasury stock-preferred Common stock Preferred stock. Paid-in capital in excess of par value-preferred How much is total stockholders' equity? $400,000 20,000 55,000 30,000 200,000 180,000 60,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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* Retained earnings-treasury stock-common + paid-in capital in excess of par value-common-treasury stock-preferred + common stock + preferred stock + paid-in capital in excess of par value-preferred = total stockholders' equity. A corporation shows the following account balances: Retained earnings Treasury stock-common Paid-in capital in excess of par value-common Treasury stock-preferred Common stock Preferred stock Pald-in capital in excess of par value-preferred How much is total stockholders' equity? $895,000 O $845,000 $885,000 O $945.000 $400,000 20,000 55,000 30,000 200,000 180,000 60,000
Transcribed Image Text:* Retained earnings-treasury stock-common + paid-in capital in excess of par value-common-treasury stock-preferred + common stock + preferred stock + paid-in capital in excess of par value-preferred = total stockholders' equity. A corporation shows the following account balances: Retained earnings Treasury stock-common Paid-in capital in excess of par value-common Treasury stock-preferred Common stock Preferred stock Pald-in capital in excess of par value-preferred How much is total stockholders' equity? $895,000 O $845,000 $885,000 O $945.000 $400,000 20,000 55,000 30,000 200,000 180,000 60,000
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