What is the total stockholders' equity based on the following account balances?

common stock $375,000
paid-in capital in excess of par 90,000
retained earnings 190,000
treasury stock 15,000

a $655,000

b $565,000

c $640,000

d $670,000

The total stockholders' equity amounts to $640,000

Explanation:

The total stockholders' equity is computed as:

Total stockholders' equity = Common Stock + Paid-In Capital in Excess of Par + Retained Earnings - Treasury Stock

where

Common Stock is $375,000

Paid-In Capital in Excess of Par is 90,000

Retained Earnings is 190,000

Treasury Stock is 15,000

Putting the values in the above:

= $375,000 + $90,000 + $190,000 - $15,000

= $655,000 - $15,000

= $640,000

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