Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Just sign up for free and you're in → Illustration

Question 3BE

Intermediate Accounting (Kieso)
Found in: Page 811

Short Answer

Wilco Corporation has the following account balances at December 31, 2017.

Common stock, $5 par value $ 510,000

Treasury stock 90,000

Retained earnings 2,340,000

Paid-in capital in excess of par—common stock 1,320,000

Prepare Wilco’s December 31, 2017, stockholders’ equity section.

The total stockholders’ equity of Wilco on December 31, 2017, is $4,080,000.

See the step by step solution

Step by Step Solution

Meaning of Stockholders’ equity

In simple words, company net worth (or shareholders' equity) measures the amount of money that the owners of the company invested into the business.

Preparing Wilco’s Stockholders’ Equity.


Stockholders’ equity

December 31, 2017

Common stock, $5 par value

$ 510,000

Paid-in capital in excess

of par-common stock


Total paid-in capital


Retained earnings



Less: Treasury stock


Total stockholders’ equity


Most popular questions for Business-studies Textbooks


Want to see more solutions like these?

Sign up for free to discover our expert answers
Get Started - It’s free

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.