Presented below is information related to Bramble Corp.: Common Stock, $1 par $3450000 Paid-in Capital in...

Presented below is information related to Bramble Corp.:

Common Stock, $1 par	$3450000
Paid-in Capital in Excess of Par―Common Stock	557000
Preferred 8 1/2% Stock, $50 par	1860000
Paid-in Capital in Excess of Par―Preferred Stock	416000
Retained Earnings	1570000
Treasury Common Stock (at cost)	150000

The total stockholders' equity of Bramble Corp. is

$7853000.

$6283000.

$6133000.

$7703000.

Expert Solution

The correct answer is $7703000.

The total stockholders' equity of Bramble Corp. is $7703000.

Explanation:

The stockholders equity portion of a company includes the amount of capital raised by the company through issue of common shares and preferred shares as well as the retained earnings of the company. The common stock and preferred stock is presented at par value and the additional paid in capital is presented separately in the stockholders equity. Retained Earnings which the amount of net income available in the business after paying for Dividends is also added in shareholders equity. The treasury stock represents the stock of shares reacquired by the company. This will be reported as a deduction in Stockholders'equity.

The statement of stockholders equity of Bramble Corp. is given below:

Therefore, the total stockholders' equity of Bramble Corp. is $7703000

ekkarill92 answered 1 year ago

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