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

Common Stock $1800000
Paid-In Capital in Excess of Par 140000
Retained Earnings 360000
Treasury Stock 80000

User Ben
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1 Answer

4 votes

Answer:

$22,20,000

Step-by-step explanation:

Given information:

Common Stock = $1800000

Paid-In Capital in Excess of Par = $140000

Retained Earnings = $360000

Treasury Stock = $80000

The formula for total stockholders' equity is

Total stockholders' equity = Total assets - Total liability

Total stockholders' equity = Common Stock + Paid-In Capital in Excess of Par+Retained Earnings-Treasury Stock

Substitute the given values in the above formula

Total stockholders' equity = $1800000 + $140000 +$360000 -$80000

Total stockholders' equity = $22,20,000

Therefore, the value of total stockholders' equity is $22,20,000.

User Dmitriy Apollonin
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