Answered: cludes the following balances: Common…

cludes the following balances: Common Stock, $41000; Paid-in Capital in Excess of Par, $64200; Treasury Stock, $5500; Preferred Stock, $30400. Capital stock totals $105200.

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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Concept explainers

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.

Question

100%

The trial balance of Oriole Inc. includes the following balances: Common Stock, $41000; Paid-in Capital in Excess of Par, $64200; Treasury Stock, $5500; Preferred Stock, $30400. Capital stock totals

$105200.

$141100.

$135600.

$71400.

Definition Definition Stock repurchased from the stockholders by the company that once issued it. The repurchase of the stock reduces the stockholder's equity balance on the balance sheet. Treasury stocks are an important constituent of stockholder's equity but do not carry any voting rights.

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