Houghton Company has the following items: common stock, $1,600,000; treasury stock, $250,000; deferred income taxes payable, $210,000 and Retained Earnings, $780,000. The total amount that Houghton Company would report as stockholders' equity is $2,130,000. Select one: O True O False

Houghton Company has the following items: common stock, $1,600,000; treasury stock, $250,000; deferred income taxes payable, $210,000 and Retained Earnings, $780,000. The total amount that Houghton Company would report as stockholders' equity is $2,130,000. Select one: True False