12)What is the total stockholders' equity based on the following account balances? Common Stock $850,000 Paid-In Capital in Excess of Par 25,000 Retained Earnings 150,000 Treasury Stock 25,000 a)$975,000. b)$1,050,000. c)$1,000,000. d)$800,000.

12)What is the total stockholders' equity based on the following account balances? Common Stock $850,000 Paid-In Capital in Excess of Par 25,000 Retained Earnings 150,000 Treasury Stock 25,000 a)$975,000. b)$1,050,000. c)$1,000,000. d)$800,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

12)What is the total stockholders' equity based on the following account balances?

Common Stock

$850,000

Paid-In Capital in Excess of Par

25,000

Retained Earnings

150,000

Treasury Stock

25,000

a)$975,000.

b)$1,050,000.

c)$1,000,000.

d)$800,000.

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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