At the end of the accounting period, Houston Company had $7,600 of common stock, paid -in capital in excess of par value - common of $9, 700, retained earnings of $8,000, and $5,500of treasury stock. What is the total amount of stockholders' equity?

Stockholders Equity can be calculated by subtracting the total liabilities of a business from total…

Answered: At the end of the accounting period,…

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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At the end of the accounting period, Houston Company had $7, 600 of common stock, paid - in capital in excess of par value - common of $9, 700, retained earnings of $8,000, and $5,500 of treasury stock. What is the total amount of stockholders' equity?