Question

You are hired as an account for the Triple Bottom-line Resort, and you are provided with the following data from the balance sheet of the company as per December 31, 20X8:Common stock $26,250 Treasury stock ($11,097,450) Retained earnings $27,043,590 Total liabilities $15,368,850 Paid-in capital $4,054,050 Based on the available information, you can estimate the total stockholders' equity at: $20,026,440$28,755,400$19,027,450$21,987,450

Answer 1

From the balance sheet of the company as per December 31, you can estimate the total stockholders' equity at $10,882,130.

Given,

Common stock = $26,250

Treasury stock = $11,097,450

Retained earnings = $27,043,590

Total liabilities = $15,368,850

Paid-in capital = $4,054,050

In order to calculate the stockholders' equity, the below given formula will be used.

Stockholder’s Equity = The Total assets − Total liabilities

                                   = $26,250,980 - $15,368,850

                                   = $10,882,130

In the balance sheet, the stockholders' equity refers to the assets which are remaining in a business once all liabilities have been settled. However, the stockholders equity is considered to be useful as a means of judging the funds retained within a business.

Hence, the total stockholders' equity is at $10,882,130.

To learn more about the stockholders' equity here:

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