Solved

Houghton Company Has the Following Items: Common Stock, $800,000; Treasury

Question 39

Multiple Choice

Houghton Company has the following items: common stock, $800,000; treasury stock, $105,000; deferred income taxes, $125,000 and retained earnings, $390,000. What total amount should Houghton Company report as stockholders' equity?


A) $960,000.
B) $1,085,000.
C) $1,210,000.
D) $1,295,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: An example of an item which is

Q35: Free cash flow is calculated as net

Q36: A limitation of the balance sheet that

Q37: For Grimmett Company, the following information is

Q38: Presented below are data for Bandkok Corp.

Q40: Balance sheet format.<br>The following balance sheet has

Q41: The stockholders' equity section is usually divided

Q42: The balance sheet contributes to financial reporting

Q43: In preparing a statement of cash flows,

Q44: The basis for classifying assets as current