184k views
5 votes
Drewson Health Foods has 16 comma 000 shares of $ 1 par common stock​ outstanding, which were issued at $ 15 per share. Drewson also has a deficit balance in Retained Earnings of $ 83 comma 000. How much is Drewson​'s total​ stockholders' equity?

User Najee
by
7.8k points

1 Answer

1 vote

Answer:

SE 157,000

Step-by-step explanation:

We do shares outstanding times issued per share to get the total paid-in capital. Then subtract the retained earnigns negative balance to get the Drewson total stockholders equity


16,000 * 15 = 240,000 \\Retained \: Earnings \: (83,000) \\Stockholders \: Equity \: 157,000

User Via
by
6.3k points