At the end of the accounting period, Houston Company had $7, 600 of common stock, paid - in capital in excess of par value - common of $9, 700, retained earnings of $8,000, and $5,500 of treasury stock. What is the total amount of stockholders' equity?

At the end of the accounting period, Houston Company had $7, 600 of common stock, paid - in capital in excess of par value - common of $9, 700, retained earnings of $8,000, and $5,500 of treasury stock. What is the total amount of stockholders' equity?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

At the end of the accounting period, Houston Company had $7,600 of common stock, paid -
in capital in excess of par value - common of $9, 700, retained earnings of $8,000, and $5,500
of treasury stock. What is the total amount of stockholders' equity?

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