Ask Question
5 June, 08:49

Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a deficit balance in retained earnings of $75,000. how much is suki's total stockholders' equity?

+5
Answers (1)
  1. 5 June, 08:55
    0
    We can calculate for the total stockholders’ equity by using the formula:

    Total stockholders’ equity = Number of Shares * Price per Share - Deficit Balance

    Substituting our given values:

    Total stockholders’ equity = 19,000 shares * ($12 / share) - $75,000

    Total stockholders’ equity = $153,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a deficit balance ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers