An adjusted trial balance at December 31, Year 6, includes the following account balances: Common stock,...

 

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An adjusted trial balance at December 31, Year 6, includes the following account balances: Common stock, $3 par $600,000 Additional paid-in capital 800,000 Treasury stock, at cost 50,000 Net unrealized holding loss on available-for-sale securities 20,000 Retained earnings: appropriated for uninsured earthquake losses 150,000 Retained earnings: unappropriated 200,000 What amount should be reported as total equity in the December 31, Year 6, balance sheet? An adjusted trial balance at December 31, Year 6, includes the following account balances: Common stock, $3 par $600,000 Additional paid-in capital 800,000 Treasury stock, at cost 50,000 Net unrealized holding loss on available-for-sale securities 20,000 Retained earnings: appropriated for uninsured earthquake losses 150,000 Retained earnings: unappropriated 200,000 What amount should be reported as total equity in the December 31, Year 6, balance sheet?

Answer rating: 100% (QA)

The correct answer is 168 million Explanation Each item ... View the full answer