Question:From the following list of selected account balances, determine the total for the shareholders' equity section of the Balance Sheet for XYZ Company.

$2,500   - Investment in Stock of ABC Company
$5,000   - Retained Earnings
$3,000   - Cash
$2,000   - Note Payable to Suppliers
$10,000 - Common Stock
$7,500   - 8% Preferred Stock 

A $20,500 
B $22,500 
C $24,500 
D $25,500 

+ Answer
B 

+ Explanation
Answer not sure

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Md. Habib Ullah

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