Manana Company reports the following information on December 31,2011: What is total stockholders' equity at December 31,2011?
A)$20,000
B)$80,000
C)$139,000
D)$170,000

Question

Manana Company reports the following information on December 31,2011:  What is total stockholders' equity at December 31,2011?
A)$20,000 
B)$80,000 
C)$139,000 
D)$170,000

Quizplus · Accepted Answer

The total stockholders' equity can be calculated by adding common stock, additional paid-in capital, retained earnings, and treasury stock. 
Common Stock: $50,000
Additional Paid-in Capital: $30,000
Retained Earnings: $65,300
Treasury Stock: $(6,300)
Total Stockholders' Equity: $139,000 (C)

Manana Company Reports the Following Information on December 31,2011