Drewson Health Foods has 14,000 shares of $3 par common stock outstanding, which were issued at $15 per share. Drewson also has a deficit balance in Retained Earnings of $87,000. How much is Drewson's total stockholders' equity? A. $207,000 B. $42.000 c. $123,000 OD. $210,000 COLD

Drewson Health Foods has 14,000 shares of $3 par common stock outstanding, which were issued at $15 per share. Drewson also has a deficit balance in Retained Earnings of $87,000. How much is Drewson's total stockholders' equity? A. $207,000 B. $42.000 c. $123,000 OD. $210,000 COLD

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...

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Question

Drewson Health Foods has 14,000 shares of $3 par common stock outstanding, which were issued at $15 per share. Drewson also has a deficit balance in Retained
Earnings of $87,000. How much is Drewson's total stockholders' equity?
A. $297,000
=
B. $42,000
C. $123,000
OD. $210,000

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