Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please need a correct answer to the red incorrect

Please need a correct answer to the red incorrect box. Its not a treasury stock...

80.2K

Verified Solution

Question

Accounting

Please need a correct answer to the red incorrect box. Its not a treasury stock and its not an investment in common stock. image
Brief Exercise 5-11 Your answer is partially correct. Try again. Cheyenne Company's December 31, 2017, trial balance includes the following accounts: Investment in Common Stock $72,600, Retained Earnings $118,000, Trademarks $36,000, Preferred Stock $154,100, Common Stock $55,700, Deferred Income Taxes $90,100, Paid-in Capital in Excess of Par-Common Stock $179,300, and Noncontrolling Interest $57,260. Prepare the stockholders' equity section of the balance sheet. CHEYENNE COMPANY Balance Sheet (Partial) December 31, 2017 Stockholders' Equity Common Stock 55700 Preferred Stock 154100 Paid-in Capital in Excess of Par Common Stock 179300 Retained Earnings 118000 507100 Treasury Stock (72600) Total Stockholders' Equity 434500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Fairmount Travel Gear produces backpacks and sells them tovendors who sell them under their...

Biology
1.2K views

2 A a dakilerden hangisi prokaryot h crelerde bulunmaz A DNA B RNA C H...

Biology
1.2K views

2202 My courses SC BIOL1001 M N O P Biol

Physics
1.2K views

est 1 Code A One mole of an ideal monoatomic gas undergo process ABC as...

Physics
1.2K views

A particle is projected with a velocity 20 m s from bottom of inclined smooth...

Basic Math
1.2K views

A contractor builds two models of homes model A and model B Model A requires...

Basic Math
1.2K views

X 24 61 Press here for long description a Solve using sine law only b...

Algebra
1.2K views

In a triangle one side is three times as large as the smallest side and...

Accounting
1.2K views

IFRS 15, Revenue from Contracts with Customers, covers which types of revenues? Multiple Choice All...

Accounting
1.2K views

November 1 Accepted a $8,000, 180-day, 7% note from Kelly White in granting a time...

Accounting
1.2K views

Martinez Co. borrowed $53,535 on March 1 of the current year by signing a 60-day,...

Accounting
1.2K views

Short Answer 1. What are the functions of the internal control? 2. Why should the...