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QUESTION 7 Jones Corp. reported the following information on it's adjusted trial balance: Retained Earnings $10,000 Inventory $2,000 Cash $5,000 Common Stock $50,000 Paid-in Capital
QUESTION 7 Jones Corp. reported the following information on it's adjusted trial balance: Retained Earnings $10,000 Inventory $2,000 Cash $5,000 Common Stock $50,000 Paid-in Capital [in excess of par] $25,000 Treasury stock $12,000 What is the total value of stockholder's equity? $97,000 $73,000 $104,000 $80,000
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