Midyear on July 31st, the Digby Corporation\'s balance sheet reported: Total Lia
ID: 2536677 • Letter: M
Question
Midyear on July 31st, the Digby Corporation's balance sheet reported:Total Liabilities of $128.194 million
Cash of $10.050 million
Total Assets of $207.264 million
Retained Earnings of $44.543 million.
What was the Digby Corporation's common stock? Select: 1 $133.663 million $44.577 million $34.527 million $123.613 million Midyear on July 31st, the Digby Corporation's balance sheet reported:
Total Liabilities of $128.194 million
Cash of $10.050 million
Total Assets of $207.264 million
Retained Earnings of $44.543 million.
What was the Digby Corporation's common stock? Select: 1 $133.663 million $44.577 million $34.527 million $123.613 million
Explanation / Answer
Total assets=Total liabilities+Total equity
207.264=128.194+(Common stock+44.543)
Common stock=207.264-128.194-44.543
=$34.527 million.