Flint Corporation's contributed capital totals $54,000,Retained Earnings equals $117,000,Treasury Stock equals $32,400,and Common Stock equals $18,000.If the company does not have any accumulated other comprehensive income (loss),stockholders' equity,what is the total amount of stockholders' equity?

Question

Quizplus · Accepted Answer

Total Stockholders' Equity = Contributed Capital + Retained Earnings − Treasury Stock
= $54,000 + $117,000 − $32,400 = $138,600
Note that Common stock is part of contributed capital.

Flint Corporation's Contributed Capital Totals $54,000,Retained Earnings Equals $117,000,Treasury Stock