Homework Answers
Company is having deficit. it means loss. so it will deduct from stockholders equity
| Common stock (9,000*$1) | $ 9,000 |
| Paid in capital in excess of par (9,000*($10-$1)) | $ 81,000 |
| Accumulated deficit | $ (88,000) |
| Total stockholders equity | $ 2,000 |
Answer is C. $2,000
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