What is the total stockholders' equity based on the following account balances?

Question

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

Answer 1

450,000 + 90,000 + 190,000 - 10,000
730, 000 - 10,000 =$ 720,000