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Question 1
A company has the following accounts included in its trial balance as of December 31
Preferred stock
$200,000
Common stock
$285,000
Bonds payable
$34,000
Obligations under finance leases
$65,000
Additional paid-in capital
$50,000
Non-controlling interests
$13,500
Retained earnings
$78,000
Treasury stock
$56,000
Accumulated other comprehensive income
$22,000
What amount of equity will be reported on me company’s balance sheet as of December 31?
A
$626,500
B
$657,500
C
$92,500.
D
$599,000.
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