Houghton company has the following items common stock, Ask an Expert

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Houghton company has the following items: common stock, $900,000; treasury stock, $105,000; deferred taxes, $125,000 and retained earnings, $390,000. What total amount should Houghton Company report as stockholders' equity?

a)$1,060,000

b) $1,185,000

c) $1,310,000

d) $1,395,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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