Highland Corporation has the following items: Common stock: $1,200,000 Treasury stock: $180,000 Deferred tax liability: $250,000 Retained earnings: $420,000 What is Highland Corporation's total stockholders' equity? a. $1,440,000 b. $1,690,000 c. $1,870,000 d. $2,050,000
Highland Corporation has the following items: Common stock: $1,200,000 Treasury stock: $180,000 Deferred tax liability: $250,000 Retained earnings: $420,000 What is Highland Corporation's total stockholders' equity? a. $1,440,000 b. $1,690,000 c. $1,870,000 d. $2,050,000
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1BCRQ
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Transcribed Image Text:Highland Corporation has the following items: Common stock:
$1,200,000 Treasury stock: $180,000 Deferred tax liability:
$250,000 Retained earnings: $420,000
What is Highland Corporation's total stockholders' equity?
a. $1,440,000
b. $1,690,000
c. $1,870,000
d. $2,050,000
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