Presented below is information related to Hale Corporation: wered of 1.00 uestio

Question

Presented below is information related to Hale Corporation: wered of 1.00 uestion Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) Accumulated Other Comprehensive Income (Unrealized losses) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 100,000 The total stockholders' equity of Hale Corporation is Select one: 0 a. 7,900,000 b. $7,950,000 c. $7,700,000 d. $6,300,000 e. The correct answer is not listed. f. $7,800,000

Explanation / Answer

Stockholders' equity is the difference between the reported amounts of a corporation's assets and liabilities. Stockholders' equity is subdivided into components: (1) paid-in capital or contributed capital, (2) retained earnings, and (3)treasury stock, if any.

Preferred stock, common stock, additional paidincapital, retained earnings, and treasury stock are all reported on the balance sheet in the stockholders' equitysection.

Therefore in this case

Therefore e is correct answer

Thank You

Common Stock 3500000 Paid in capital in excess of par value 550000 Preferred 81/2% Stock 2000000 Paid in excess of par value 400000 Retained earnings 1500000 Treasury stock 150000 Total 8100000

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