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Required: Calculate the total value of stockholders' equity (the last figure only)

Required: Calculate the total value of stockholders' equity (the last figure only)

FINANCIAL ACCOUNTING
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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You are given the stockholders' equity section of Smart Corporation on 31-12-2024, with some missing information, as follows: Stockholders' Equity: Paid in Capital: Capital stock: 8%, $ 100 par, cumulative preferred stocks, 100,000 sha authorized, 12,000 shares issued and outstanding $ 5 par common stocks, 1,000,000 shares authorized, 800,000 shares issued, 780,000 shares outstanding Total Capital stock Additional paid in capital: Paid in capital in excess of par- common stocks Total paid in Capital Retained Earnings Treasury stocks (cost of $8 per share) Total Stockholders' Equity Required: Calculate the total value of stockholders' equity (the last figure only)
Transcribed Image Text:You are given the stockholders' equity section of Smart Corporation on 31-12-2024, with some missing information, as follows: Stockholders' Equity: Paid in Capital: Capital stock: 8%, $ 100 par, cumulative preferred stocks, 100,000 sha authorized, 12,000 shares issued and outstanding $ 5 par common stocks, 1,000,000 shares authorized, 800,000 shares issued, 780,000 shares outstanding Total Capital stock Additional paid in capital: Paid in capital in excess of par- common stocks Total paid in Capital Retained Earnings Treasury stocks (cost of $8 per share) Total Stockholders' Equity Required: Calculate the total value of stockholders' equity (the last figure only)
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