#5) The following are the account balances of Rourke Co. at August 31, 2014: Div

Question

#5) The following are the account balances of Rourke Co. at August 31, 2014:

Dividends Payable.............................. $ 20,000                            Cash...............................$ 127,000

Perferred Stock, $100 per.....................100,000                              Common Stock, $1 par........... 200,000

Paid-in Capital in Exzcess of Par-Common..........50,000                      Retained Earrings 325,000

What would Rourke's total stockholders' equity be ifn Rourke had $5,000 of treasury stock?

A) $350,000

B) $670,000

C) $782,000

D) $655,000

Explanation / Answer

Stakeholders equity = Preferred stock + Common Stock + Paid in capital + Retained Earnings – treasury stock = $670,000

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.