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The following accounts and balances appear in the general ledger of Trower Corporation on December...

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Accounting

The following accounts and balances appear in the general ledger of Trower Corporation on December 31, 2019. Preferred stock $30,000, Common stock $60,000, Additional paid-in capital in excess of par value, preferred stock $7,000, Additional paid-in capital in excess of par value, common stock $18,000, and Retained earnings $40,000. A balance sheet prepared on December 31, 2019 would report total stockholders' equity of:
  • A. $90,000
  • B. $115,000
  • C. $155,000
  • D. $97,000

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