Answer:
Total shareholders' equity is $134,520
Explanation:
Bramble Corp.
Extract of balance sheet as at 31st December:
Common stock,$12 par,6900 shares issued and outstanding $82,800
Paid-in capital in excess of par $20,400
Total paid-in capital $103,200
Retained earnings $45,400
Total paid-in capital and retained earnings $148,600
less:treasury stock 640 shares ($14,080)
Total stockholders' equity $134,520
This is a standard proforma for the equity section of the balance sheet which comprises of the funds in the business attributed to the owners of the business,the shareholders.
After this section comes the liabilities,the non-current and current liabilities.
