# Accounting

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

A.\$740,000

B.\$730,000

C.\$720,000

D.\$640,000

1. 👍 0
2. 👎 0
3. 👁 2,218
1. 450,000 + 90,000 + 190,000 - 10,000
730, 000 - 10,000 =\$ 720,000

1. 👍 0
2. 👎 1

## Similar Questions

1. ### Introduction to Finance: Harvesting the Money Tree

27. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2–10 on page 38 . Statement of cash flows (L04) Current Assets Liabilities Cash . . . . . . . . . . . . . . . . .

2. ### financial accounting

(5) Chapter 13 Problem The Torre Company has the following balances in stockholders equity on December 31st. Common Stock - \$5.00 par, 60,000 issued \$300,000 Additional paid in capital - common 600,000 Preferred stock - \$100 par,

3. ### Accounting

The following information is necessary to compute the net assets (stockholders' equity) and book value per share of common stock for Rothchild Corporation: 8% cumulative preferred stock, \$100 par \$ 200,000 Common stock, \$5 par,

4. ### finance

Sterling optical and Royal Optical both make glass frames and each is able to generate earnings before interest and taxes of \$120,000.Debt @12% \$600,000 Debt @12% \$200,000, Common stock, \$5 par 400,000 Common stock, \$5 par

1. ### math

Given: 20,000 shares cumulative preferred stock (\$2.25 dividend per share): 40,000 shares common stock. Dividends paid: 2013, \$8,000; 2014, 0; and 2015, \$160,000. How much will the preferred stockholders and the common

2. ### Principles of Accounting

E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested \$10,000 cash in the business in exchange for common stock. 3 Purchased used car for \$4,000

3. ### Accounting

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of \$10, \$100 par, cumulative preferred stock and 50,000 shares of \$10 par common stock. The amounts distributed as

4. ### accounting

Finishing Touches has two classes of stock authorized: 8%, \$10 par preferred and \$1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares

1. ### Finance ( Need help )

Sapp Trucking’s balance sheet shows a total of noncallable \$45 million long-term debt with a coupon rate of 7.00% and a yield to maturity of 6.00%. This debt currently has a market value of \$50 million. The balance sheet also

2. ### accounting

PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par \$1; outstanding, 500,000 shares) \$ 500,000 Preferred stock,

3. ### accounting

PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par \$1; outstanding, 500,000 shares) \$ 500,000 Preferred stock,

4. ### fin

The following tabulation gives earnings per share figures for the Foust Company during the preceding 10 years. The firm’s common stock, 7.8 million shares outstanding, is now (1/1/03) selling for \$65 per share, and the expected