Answer:
The total stockholders' equity amounts to $640,000
Explanation:
The total stockholders' equity is computed as:
Total stockholders' equity = Common Stock + Paid-In Capital in Excess of Par + Retained Earnings - Treasury Stock
where
Common Stock is $375,000
Paid-In Capital in Excess of Par is 90,000
Retained Earnings is 190,000
Treasury Stock is 15,000
Putting the values in the above:
= $375,000 + $90,000 + $190,000 - $15,000
= $655,000 - $15,000
= $640,000
