Answered: What is the total stockholders equity…

What is the total stockholders equity based on the following account balances? Common stock $318,200 Paid in capital excess of par $58,300 Retained earnings $161,360 Treasury stock $21,200

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 22E: Statement of stockholders equity The stockholders equity T accounts of I-Cards Inc. for the year...

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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

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

Common stock $318,200

Paid in capital excess of par $58,300

Retained earnings $161,360

Treasury stock $21,200

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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