Question
The Barden Company provides the following trial balance as of December 31, 2018. Assets Year 1 Year 2 Cash $100,000 $(50,000) Accounts receivable (net) 50,000
The Barden Company provides the following trial balance as of December 31, 2018. Assets Year 1 Year 2 Cash $100,000 $(50,000) Accounts receivable (net) 50,000 100,000 Inventory 100,000 250,000 Equipment (net) 300,000 350,000 Total assets $550,000 $650,000 Liabilities and Equity Accounts payable $150,000 $100,000 Income taxes payable 80,000 30,000 Bonds payable 100,000 80,000 Common stock 100,000 200,000 Retained earnings 120,000 240,000 Total liabilities and Equity $550,000 $650,000 What would Barden report as total stockholders' equity on its balance sheet?
$300,000
$387,500
$637,500
$87,500
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