Homework Answers
Calculate total amount of stockholder's equity :
| Paid in capital | |
| Common Stock (90000*1) | 90000 |
| Paid in capital in excess of par value-Common Stock (90000*24) | 2160000 |
| Total paid in capital | 2250000 |
| Retained earnings | 400000 |
| Total | 2650000 |
| Less; Treasury stock (3000*26) | -78000 |
| Total Stockholder's equity | 2572000 |
So answer is a) $2572000
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