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Ronch [10]
4 years ago
6

What is the total stockholders' equity based on the following account balances? Common Stock $375,000 Paid-in-capital in excess

of Par 90,000 Retained earnings 190,000 Treasury Stock 15,000
Business
1 answer:
maks197457 [2]4 years ago
8 0

Answer: $640,000

Explanation:

The total Stockholders Equity for a company is calculated by;

= Common Stock + Paid-in-capital in excess of Par + Retained Earnings - Treasury Stock

Treasury Stock reduces stockholder equity as the company bought the shares back from the stockholders.

= 375,000 + 90,000 + 190,000 - 15,000

= $640,000

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Explanation:

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