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Below is further information for the questions i am having trouble on: Rancho Cucamonga Inc. presented the following shareholders' equity information on December 31, 2019.
Below is further information for the questions i am having trouble on:
Rancho Cucamonga Inc. presented the following shareholders' equity information on December 31, 2019.
- Common stock, 50 shares authorized and 30 shares issued: $30
- Additional paid-in-capital, common stock: $60
- Retained earnings: $50
- Treasury stock, 4 shares of common stock: $20
Questions:
What is the total amount of Shareholders' equity? What is the par value per share of common stock?
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