What is the total stockholders' equity based on the following account balances? Common Stock $2100000 Paid-In Capital in Excess of Par 110000 Retained Earnings 550000 Treasury Stock 50000 O $2820000 O $2000000

Accounting Nov 16, 2020

What is the total stockholders' equity based on the following account balances? Common Stock $2100000 Paid-In Capital in Excess of Par 110000 Retained Earnings 550000 Treasury Stock 50000 O $2820000 O $2000000. O $2710000. O $2490000

Expert Solution

Calculate total stockholders equity

Common stock	2100000
Paid in capital in excess of par	110000
Retained earnings	550000
Less: treasury stock	-50000
Total stockholders equity	2710000

So answer is c) $2710000

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