Genesis Company has the following items: treasury stock, $120,000; common stock, $825,000; deferred income taxes, $185,000, retained earnings, $430,000, and paid in capital in excess of par $400,000. Find the total amount should Genesis Company report as stockholders' equity.

Genesis Company has the following items: treasury stock, $120,000; common stock, $825,000; deferred income taxes, $185,000, retained earnings, $430,000, and paid in capital in excess of par $400,000. Find the total amount should Genesis Company report as stockholders' equity.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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Question

Financial Accounting

Genesis Company has the following items: treasury stock, $120,000;
common stock, $825,000; deferred income taxes, $185,000, retained
earnings, $430,000, and paid in capital in excess of par $400,000.
Find the total amount should Genesis Company report as stockholders'
equity.

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