stockholders’ equity

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 5MC: Treasury stock is listed as a(n) __________ on the balance sheet. (a) current liability (b) current...
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Compute for stockholders’ equity using the following information:

(please answer in good accounting form. thank you!)

Bonds payable
Additional paid in capital on common stock
Donated capital
Treasury stock at cost
Common stock, par P1
Common stock option warrants
Investments in marketable securities
P120,000
20,000
16,000
8,000
200,000
40,000
28,000
6,000
54,000
Additional paid in capital from treasury stock
Retained earnings
Transcribed Image Text:Bonds payable Additional paid in capital on common stock Donated capital Treasury stock at cost Common stock, par P1 Common stock option warrants Investments in marketable securities P120,000 20,000 16,000 8,000 200,000 40,000 28,000 6,000 54,000 Additional paid in capital from treasury stock Retained earnings
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