Trump Co. reported the following values on it's 2020 adjusted trial balance: common stock $1,129,000; treasury stock $68,000; dividends $215,000; and retained earnings $10,726,000. Based on these values, what should Trump Co. report at total stockholders' equity on its 2020 balance sheet? (AC 22 O $11,572,000 O $11,923,000 O $11,787,000 O $12,002,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Trump Co. reported the following values on it's 2020 adjusted trial balance: common stock
$1,129,000; treasury stock $68,000; dividends $215,000; and retained earnings $10,726,000. Based on
these values, what should Trump Co. report at total stockholders' equity on its 2020 balance sheet? (AC 22)
O $11,572,000
O $11,923,000
O $11,787,000
O $12,002,000
Transcribed Image Text:4 Trump Co. reported the following values on it's 2020 adjusted trial balance: common stock $1,129,000; treasury stock $68,000; dividends $215,000; and retained earnings $10,726,000. Based on these values, what should Trump Co. report at total stockholders' equity on its 2020 balance sheet? (AC 22) O $11,572,000 O $11,923,000 O $11,787,000 O $12,002,000
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Stockholders' equity refers to the amount/funds that belong to the stockholders, and owner. It is the amount remaining from the total assets after settling all the liabilities. It can also be calculated by taking the sum of preference and common shares and retained earnings. 

 
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