INTERMEDIATE ACCT.-MYLAB COMBO ACCESS
3rd Edition
ISBN: 9780137391707
Author: GORDON
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 15, Problem 15.1Q
To determine
To explain: The meaning of stockholder’ equity.
Expert Solution & Answer

Answer to Problem 15.1Q
Stockholders’ equity refers to the amount of share of the stockholders in the company’s assets. It refers to the aggregate amount after the distinction between the assets and liabilities of a company.
Explanation of Solution
Stockholders’ Equity:
Stockholders’ equity or also referred to as the shareholders’ equity in a company is the total share of a shareholder in the company’s assets after all the liabilities of the company are paid off. A stockholder owns the retained
Retained earnings : It refers to the amount of profit which is shared among the stockholders’ of the company from the total profit earned in a given accounting year.- Capital accounted: The total amount of capital a shareholder accounts in the company or has given as investment in the company refers to the capital accounted for by the shareholder.
- Accumulated income: Another source of income (or loss) for the shareholder can be from the revaluation done of different assets and liabilities in the company that results to build accumulated or comprehensive capital in the company.
Conclusion
Therefore, the stockholders’ are in a way the owner in the company up to the amount of capital invested.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What is the beginning inventory??
Get correct answer with accounting question
Please provide correct answer
Chapter 15 Solutions
INTERMEDIATE ACCT.-MYLAB COMBO ACCESS
Ch. 15 - Prob. 15.1QCh. 15 - What are the retained earnings of a firm?Ch. 15 - Prob. 15.3QCh. 15 - Prob. 15.4QCh. 15 - Does an entity have to legally dissolve treasury...Ch. 15 - Prob. 15.6QCh. 15 - Prob. 15.7QCh. 15 - Prob. 15.8QCh. 15 - Prob. 15.9QCh. 15 - Prob. 15.10Q
Ch. 15 - Prob. 15.11QCh. 15 - Do firms often use stock dividends to avoid...Ch. 15 - Prob. 15.13QCh. 15 - What is included in other comprehensive income?Ch. 15 - Is a specific format required for reporting...Ch. 15 - Prob. 15.16QCh. 15 - Boone Corporations outstanding capital stock on...Ch. 15 - Prob. 15.2MCCh. 15 - Prob. 15.3MCCh. 15 - Prob. 15.4MCCh. 15 - Prob. 15.5MCCh. 15 - Prob. 15.6MCCh. 15 - Prob. 15.7MCCh. 15 - Prob. 15.1BECh. 15 - Stockholders Equity Terminology, U.S. GAAP, IFRS....Ch. 15 - Common Stock Issuance, No Par Value. Perdido...Ch. 15 - Prob. 15.4BECh. 15 - Prob. 15.5BECh. 15 - Prob. 15.6BECh. 15 - Prob. 15.7BECh. 15 - Prob. 15.8BECh. 15 - Treasury Stock Transactions. Ginger Spice...Ch. 15 - Treasury Stock Transactions. On March 15, Chief...Ch. 15 - Treasury Stock Transactions, Retirement. Using the...Ch. 15 - Prob. 15.12BECh. 15 - Prob. 15.13BECh. 15 - Prob. 15.14BECh. 15 - Common Stock Issuance, Stated Value, Issue Costs....Ch. 15 - Common Stock Issuance. Par Value, Issue Costs,...Ch. 15 - Prob. 15.3ECh. 15 - Prob. 15.4ECh. 15 - Treasury Stock Transactions, Retirement,...Ch. 15 - Prob. 15.6ECh. 15 - Treasury Stock Transactions. Several years ago,...Ch. 15 - Prob. 15.8ECh. 15 - Prob. 15.9ECh. 15 - Prob. 15.10ECh. 15 - Prob. 15.11ECh. 15 - Preferred Stock Issuance Dividends, Disclosure....Ch. 15 - Prob. 15.13ECh. 15 - Prob. 15.14ECh. 15 - Prob. 15.15ECh. 15 - Prob. 15.16ECh. 15 - Prob. 15.17ECh. 15 - Prob. 15.18ECh. 15 - Prob. 15.19ECh. 15 - Prob. 15.20ECh. 15 - Prob. 15.21ECh. 15 - Prob. 15.1PCh. 15 - Prob. 15.2PCh. 15 - Prob. 15.3PCh. 15 - Prob. 15.4PCh. 15 - Prob. 15.5PCh. 15 - Prob. 15.6PCh. 15 - Prob. 15.7PCh. 15 - Prob. 15.8PCh. 15 - Prob. 15.9PCh. 15 - Prob. 1JCCh. 15 - Judgment Case 2: Impact of Judgment in Accounting...Ch. 15 - Prob. 1SSCCh. 15 - Prob. 1BCCCh. 15 - Prob. 2BCC
Knowledge Booster
Similar questions
- Felix Mounts has a cost formula for its supplies cost of $1,450 per month plus $22 per mount. For the month of March, the company planned for activity of 530 mounts, but the actual level of activity was 520 mounts. The actual supplies cost for the month was $12,000. The variance for supplies cost in March would be _.arrow_forwardCan you solve this financial accounting question with accurate accounting calculations?arrow_forwardI want to this question answer for General accounting question not need ai solutionarrow_forward
- Compute the amount of direct materialarrow_forwardexplain properly all the answer for General accounting question Please given fastarrow_forwardSuppose the required reserve ratio is 0.20 and individuals hold no cash. Total bank deposits are $150 million, and the banks hold $40 million in reserves. How much more money can the bank create if it does not hold excess reserves?arrow_forward
- I am looking for a step-by-step explanation of this financial accounting problem with correct standards.arrow_forwardI am looking for the correct answer to this general accounting question with appropriate explanations.arrow_forwardWhat were orion techs free cash flow and earning for the period? General accountingarrow_forward
- Suppose the required reserve ratio is 0.20 and individuals hold no cash. Total bank deposits are $150 million, and the banks hold $40 million in reserves. How much more money can the bank create if it does not hold excess reserves? HELParrow_forwardGet correct answer with general accountingarrow_forwardBest solution need.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningCentury 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubCollege Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,

Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage

Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub

College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,