Question
Wildhorse Co.s December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 30000 shares authorized; 15000 shares issued $ 150000
Wildhorse Co.s December 31, 2020 balance sheet showed the following:
6% preferred stock, $10 par value, cumulative, |
|
30000 shares authorized; 15000 shares issued | $ 150000 |
Common stock, $10 par value, 3,000,000 shares authorized; |
|
1,950,000 shares issued, 1,920,000 shares outstanding | 19500000 |
Paid-in capital in excess of par value - preferred stock | 72000 |
Paid-in capital in excess of par value - common stock | 28800000 |
Retained earnings | 9650000 |
Treasury stock (25000 shares) | 525000 |
Wildhorse's total stockholders' equity was
A. $47787000.
B. $58697000.
C. $514610.
D. $57647000.
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