Olsen Corporation has the following items: Common stock Treasury stock $820,000 $95,000 Deferred income taxes $135,000 Retained earnings $68,000 What total amount should Olsen Corporation report as stockholders' equity? a. $793,000 b. $858,000 c. $953,000 d. $1,023,000

Olsen Corporation has the following items: Common stock Treasury stock $820,000 $95,000 Deferred income taxes $135,000 Retained earnings $68,000 What total amount should Olsen Corporation report as stockholders' equity? a. $793,000 b. $858,000 c. $953,000 d. $1,023,000

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

What total amount should olsen corporation report?

Olsen Corporation has the following items:
Common stock
Treasury stock
$820,000
$95,000
Deferred income taxes $135,000
Retained earnings
$68,000
What total amount should Olsen Corporation report as
stockholders' equity?
a. $793,000
b. $858,000
c. $953,000
d. $1,023,000

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