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Calculating Stockholder's Equity?
Use the following information to answer the question below.The following accounts appear in the ledger of Sayre Corporation on December 31, 2010Preferred Stock$30,000Common Stock52,000Additional Paid-in Capital, Preferred7,000Additional Paid-in Capital, Common18,000Retained Earnings40,000A balance sheet prepared on December 31, 2010 , would report total stockholders' equity of?
A. $82,000.
B. $89,000.
C. $107,000.
D. $147,000.
2 Answers
- Old GuyLv 78 years agoFavorite Answer
You just need to add up all those account balances. The answer is D. 147,000
- ?Lv 58 years ago
If those are the only equity accounts, then total shareholder equity is the $147,000 figure which is the sum of all of them.
In the real world, we usually have an entire trial balance to work with to be certain total equity is correctly stated.
