Please need a correct answer to the red incorrect box. Its not a treasury stock...
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Please need a correct answer to the red incorrect box. Its not a treasury stock and its not an investment in common stock.
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
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