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What would report total stockholders equity of

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Question1 : The following accounts and balances appear in the general ledger of Trower Corporation on December 31, 2019. Preferred stock $30,000, Common stock $60,000, Additional paid-in capital in excess of par value, preferred stock $7,000, Additional paid-in capital in excess of par value, common stock $18,000, and Retained earnings $40,000. A balance sheet prepared on December 31, 2019 would report total stockholders' equity of:

A. $97,000

B. $90,000

C. $115,000

D. $155,000

 

Reference no: EM132512191

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