At the end of the year, InstaChat Corporation reported the following: Total assets = $800,000 Total liabilities = $500,000 Common stock = $220,000 Retained earnings of $80,000 How much is total stockholders' equity? Do not include commas, dollar signs or text.

At the end of the year, InstaChat Corporation reported the following: Total assets = $800,000 Total liabilities = $500,000 Common stock = $220,000 Retained earnings of $80,000 How much is total stockholders' equity? Do not include commas, dollar signs or text.

Cornerstones of Financial Accounting

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Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 3MCQ: At December 31, Pitt Inc. has assets of $12,900 and liabilities of $6,300. What is the stock-holders...

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Question

At the end of the year, InstaChat Corporation reported the following:
Total assets = $800,000
Total liabilities = $500,000
Common stock = $220,000
Retained earnings of $80,000
How much is total stockholders' equity? Do not include commas, dollar signs or text.
Answer:

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