Question

The following data is from a balance sheet of the Silvestia Corporation on May 31 of a certain year:

Common stock $23,000

Treasury stock ($12,154,350)

Retained earnings $29,619,170

Total liabilities $16,832,550

Paid-in capital $4,440,150

Based on the available information, the total stockholders' equity is estimated at:

Answer 1

The total stockholders' equity for Silvestia Corporation is $22,028,970, calculated by summing common stock, paid-in capital, retained earnings, and subtracting treasury stock using the given balance sheet data.

Step-by-step explanation:

The total stockholders' equity for Silvestia Corporation is calculated by combining the value of common stock, treasury stock, retained earnings, and paid-in capital. The formula for total stockholders' equity is:

Common Stock + Paid-in Capital + Retained Earnings - Treasury Stock = Total Stockholders' Equity

Using the data provided:

$23,000 (Common Stock)
+ $4,440,150 (Paid-in Capital)
+ $29,619,170 (Retained Earnings)
- ($12,154,350) (Treasury Stock)
= $22,028,970 Total Stockholders' Equity

Therefore, the total stockholders' equity for the Silvestia Corporation on May 31 of that year is $22,028,970.