Large Corporation has capital stock of $7,800. Its Retained Earnings account has a $14,700 balance. Cash has

Question:

Large Corporation has capital stock of $7,800. Its Retained Earnings account has a $14,700 balance. Cash has a balance of $9,500. What is the total of stockholders’ equity for Large Corporation?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...