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Anna35 [415]
3 years ago
6

At the end of the accounting period, Isaac Company had a balance of $4,000 in its common stock account, additional paid in capit

al of $4,000, retained earnings of $3,000, and $1,000 of treasury stock. The total amount of stockholders' equity is: $10,000. $13,000. $12,000. $8,000
Business
1 answer:
Greeley [361]3 years ago
7 0

Answer:

The total amount of stockholders' equity is: $10,000

Explanation:

The accounts and values included in stockholders' equity are:

  • Common stock           4,000 (1)
  • Paid in capital             4,000 (2)
  • Treasury stock           -1,000 (3)
  • Retained earnings     <u> 3,000 (4)</u>

Total stockholders' equity  10,000

1 - Nominal value of outstanding shares.

2- Difference between the price paid by stockholders when shares were issued and nominal value.

3- Shares recovered by the company.

4- Earning accumulated by the company.

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Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

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