Financial Accounting
Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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General accounting question

What is the total stockholders' equity based on the following account balances?
Account
Common Stock
Preferred Stock
Amount
$320,000
$120,000
Additional Paid-in Capital $85,000
Retained Earnings
Treasury Stock
$230,000
$40,000
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Transcribed Image Text:What is the total stockholders' equity based on the following account balances? Account Common Stock Preferred Stock Amount $320,000 $120,000 Additional Paid-in Capital $85,000 Retained Earnings Treasury Stock $230,000 $40,000
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