Mena Co.’s adjusted trial balance at December 31, Year 6, includes the following account balances:

cs.....................................600,000 add APIC ..............................800,000 less TS reacqquired @cost (50,000) Total Paid in capital1,350,000 add RE for uninsured earth quick loss150,000 add RE un appropriated200,000 less net unrealized holding loss on availabe for sale security (20,000) Total RE330,000 Total equity on Dec.31, yr.61,680,000 therefore, choice A is the correct answer

The answer would be A. $1,680,000.

Mena Co.’s 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 losses150,000 Retained earnings: unappropriated              200,000

 

What amount should Mena report as total equity in its December31, Year6, balance sheet?

 

The below mentioned is the correct answer:

 

A. $1,680,000

The answer is A  i,680,000

Common stock, $3 par                  $600,000

Additional paid-in capital                800,000

Treasury stock, at cost                      50,000

correct answer:  A. $1,680,000

Correct answer is A. $1,680,000

The answer is A $1,680,000