Question
Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized
Shown below is information relating to the stockholders' equity of Chirstianson Corporation at December 31, 2022: 12% cumulative preferred stock, $180 par, 160,000 shares authorized $3,600,000 Common stock, $1.75 par, 1,010,000 shares authorized 1,225,000 Additional paid-in capital: preferred stock 400,000 Additional paid-in capital: common stock 1,000,000 Treasury stock (at cost: 8,000 common shares) 250,000 Retained earnings 1,500,000 Refer to the above data. Calculate total stockholders equity: a. $8,000,000 b. $7,475,000 c. $7,675,000 d. $6,325,000
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