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 50,000 100,000
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 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 Assets 550,000 650,000
What would Barden report as total stockholder's equity on its balance sheet?
a) 300,000
b) 387,500
c) 637,500
d) 87,500
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