Asked by TS
What is the total stockholders' equity based on the following account balances?
Common Stock
$450,000
Paid-In Capital in Excess of Par
90,000
Retained Earnings
190,000
Treasury Stock
10,000
Answer
A.$740,000
B.$730,000
C.$720,000
D.$640,000
Answers
Answered by
Kuai
450,000 + 90,000 + 190,000 - 10,000
730, 000 - 10,000 =$ 720,000
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