Question
D Question 13 2 pts The corporate charter for Badgered Company authorizes the issuance of 10,000 shares of preferred $4 stock, $50 par, and 100,000
D Question 13 2 pts The corporate charter for Badgered Company authorizes the issuance of 10,000 shares of preferred $4 stock, $50 par, and 100,000 shares of $20 par common stock. At the end of the current year, the titles and balances of the stockholders' equity accounts are as follows: Common Stock.........$1,000,000 Paid in Capital in Excess of Par-Common Stock.... 500,000 10,000 Paid-in Capital form Sale of Treasury Stock. Preferred Stock...............300,000 Paid-in Capital in Excess of Par-Preferred Stock..... 10,000 Retained Earnings........... 500,000 Treasury Common Stock (2,000 shares at cost)... 20,000 What is the total amount of the stockholders' equity? $1,800,000 $2,340,000 $2,280,000 $2,300,000
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