Suki Health Foods has 13,000 shares of $ 2 par common stock​ outstanding, which were issued at $ 10 per share. Suki also has a deficit balance in Retained Earnings of $ 82,000. How much is Suki​’s total​ stockholders’ equity?

How much is Suki​’s total​ stockholders’ equity?

A. $130,000

B. $26,000

C.  $48,000

D. $212,000

ANSWER:

C. 10$*13,000+(-82,000)=48,000