At the end of the accounting period,Houston Company had $12,000 of common stock,paid-in capital in excess of par value-common of $11,000,retained earnings of $12,000,and $4,000 of treasury stock.What is the total amount of stockholders' equity?

Question

Quizplus · Accepted Answer

Stockholders' equity = Common stock of $12,000 + Paid-in capital in excess of par value of $11,000 + Retained earnings of $12,000 - Treasury stock of $4,000 = $31,000

At the End of the Accounting Period,Houston Company Had $12,000