Question

Kilian Health Foods has 19 comma 000 shares of $ 3 par common stock​ outstanding, which were issued at $ 14 per share. Kilian also has a deficit balance in Retained Earnings of $ 88 comma 000. How much is Kilian​'s total​ stockholders' equity?

Answer 1

$178,000

Step-by-step explanation:

The computation of the total​ stockholders' equity is shown below:

= Share capital + additional paid in capital - deficit balance in retained earnings

where,

Share capital = 19,000 shares × $3 = $57,000

Additional paid in capital = 19,000 shares × $11 = $209,000

And, the deficit balance in Retained Earnings is $88,000

Now put these values to the above formula

So, the value would be equal to

= $57,000 + $209,000 - $88,000

= $178,000