Tinman Corporation reports the following balances at the end of the current year: Common stock, $5 par, $50,000; Retained earnings, $120,000; Additional paid-in capital on common stock, $200,000; Income taxes payable, $9,800; and Accumulated other comprehensive income, $24,500. Prepare the stockholders’ equity section of Tinman Corporation’s yearend balance sheet.View Solution: Tinman Corporation reports the following balances at the end of

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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.