Answer:
Total stockholders equity = $118,000
Explanation:
Novak Corp.
Balance sheet (stockholders' equity section)
As a December 31 20YY
Stockholders' equity
Common stock ($12 per, 5,500 share issued) = $66,000
Paid-in Capital in Excess of Par Value - Common stock = $19,000
Less: Treasury Stock (500 shares) = ($11,000)
Shares outstanding (5000 shares) = $74,000
Retained Earnings = $44,000
Total stockholders equity = $118,000
