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14 April, 21:37

Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a deficit balance in retained earnings of $75,000. how much is suki's total stockholders' equity?

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  1. 14 April, 23:20
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    We can calculate for the total stockholders’ equity by using the formula:

    Total stockholders’ equity = Number of Shares * Price per Share - Deficit Balance

    Substituting our given values:

    Total stockholders’ equity = 19,000 shares * ($12 / share) - $75,000

    Total stockholders’ equity = $153,000
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