Misra Company compiled the following financial information as of December 31, 2015: Misra's stockholders' equity on December 31, 2015 is
A)$90,000.
B)$140,000.
C)$210,000.
D)$250,000.

Question

Misra Company compiled the following financial information as of December 31, 2015:  Misra's stockholders' equity on December 31, 2015 is
A)$90,000. 
B)$140,000. 
C)$210,000. 
D)$250,000.

Quizplus · Accepted Answer

Stockholders' equity is calculated by adding the common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income. Therefore, Stockholders' equity = $70,000 + $40,000 + $90,000 + $10,000 = $210,000.

Misra Company Compiled the Following Financial Information as of December