1. From the following amounts compute the stockholder’s equity section of the ba

Question

1. From the following amounts compute the stockholder’s equity section of the balance sheet

APIC                                                                                        100,000

Common Stock $10 par 19,500 shares outstanding         200,000

Dividends                                                                               20,000

Retained Earnings                                                                   15,000

Equipment                                                                             150,000

Treasury Stock                                                                          7,500

Explanation / Answer

Stockholder's Equity Paid in Capital Amount $ Common Stock $ 10 par 19500 shares outstanding        200,000 Add: Retained Earnings           15,000 Less: Treasury Stock             7,500        207,500

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