Answer:
Which of the following is correct?
b.
Explanation:
b. Mary's counteroffer terminates Carl's offer of $1,500
Answer:
Stockholders Equity
Preferred Stock 375,000
Common Stock 562,500
Additional Paid-in Capital 81,900
Retained Earnings <u> 306,000 </u>
Total Equity 1,325,400
Explanation:
We look into the list only for the equity accounts:
Which are the preferred stock, the common stock
and the additional paid-in caital.
We will also include the retained earnings account
All this accounts increase the equity, so we ujust need to add them together.
Repay loans so that the bank can get it reserves back up to the required level
