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2 years ago

Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2015:

Business

1 answer:

kotykmax [81]2 years ago

4 0

Answer:

$1,765,000

Explanation:

The computation of total stockholders' equity is shown below:-

Common stock = $900,000

Paid-in capital in excess of par value = $250,000

Paid-in capital from treasury stock

=1,800 × ($30 -$28)

= $3,600

Retained earnings

= $300,000+ $450,000

= $750,000

Treasury stock

= (1,200 × $28) + (3,000 × $35)

= $138,600

Total stockholders' equity = Common stock + Paid-in capital in excess of par value + Paid-in capital + Retained earnings - Treasury stock

= $900,000 + $250,000 + $3,600 + $750,000 + $138,600

= $1,765,000

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3 years ago

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