I need help solving this general accounting question with the proper methodology. Evergreen Naturals has 6,000 shares of $1 parvalue common stock outstanding, which wasissued at $10 per share. Evergreen also has abalance of retained earnings of $74,000.How much is Evergreen's total stockholders'equity?

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Evergreen Naturals has 6,000 shares of $1 par value common stock outstanding, which was issued at $10 per share. Evergreen also has a balance of retained earnings of $74,000. How much is Evergreen's total stockholders' equity?