{"id":1902,"date":"2020-02-27T15:50:20","date_gmt":"2020-02-27T15:50:20","guid":{"rendered":"http:\/\/www.isysnsol.com\/TMi\/?p=1902"},"modified":"2022-06-06T14:07:42","modified_gmt":"2022-06-06T14:07:42","slug":"learn-about-stockholders-equity","status":"publish","type":"post","link":"http:\/\/www.isysnsol.com\/TMi\/bookkeeping\/learn-about-stockholders-equity\/","title":{"rendered":"Learn About Stockholders&#8217; Equity"},"content":{"rendered":"<div id=\"toc\" style=\"background: #f9f9f9;border: 1px solid #aaa;display: table;margin-bottom: 1em;padding: 1em;width: 350px;\">\n<p class=\"toctitle\" style=\"font-weight: 700;text-align: center;\">Content<\/p>\n<ul class=\"toc_list\">\n<li><a href=\"#toc-0\">How To Calculate Stockholders&#8217; Equity For A Balance Sheet<\/a><\/li>\n<li><a href=\"#toc-1\">Preferred Stock:<\/a><\/li>\n<li><a href=\"#toc-2\">Steps To Calculate Stockholders Equity<\/a><\/li>\n<li><a href=\"#toc-3\">Retained Earnings<\/a><\/li>\n<li><a href=\"#toc-4\">Example Of Calculating Shareholder&#8217;s Equity<\/a><\/li>\n<li><a href=\"#toc-6\">How Do You Find Average Shareholders Equity On A Balance Sheet?<\/a><\/li>\n<\/ul>\n<\/div>\n<p><img decoding=\"async\" class='wp-post-image' style='display: block;margin-left:auto;margin-right:auto;' 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Ac+BPWcPhPDCtynMpsQlnTQGphiDrfIz0zjEj8PpGgLapWoVGpii9MAUyxRtefu9QCMDPlA7Vrxqi1AVqr06Kl3QF6igHQzLsTjrpzOgjhgGUgg7gg5BlPoWzJb0HNOvQKvXwVpB9AaoSFang7EY3Hh13lh4ItQWqB6a0m7WFVdIxk4OnfTkb47swFPies5VV0GtygzOF1YyGKgjfcEAd+MzenErdnFNa9Iuc4UOpJxkHbPiD8pw7KmxtbJQCTSuNNTA6FS4bPxmunYMLGlikRV+2az2e1jnnfxxo\/KBZq1dKYBd1QE4BYgb\/GRxxW2IUi4o4c4Q8xe0fAb7mR+O2\/NW3XRrH2imWGM7DO58py73h3Y4oVo9pwNBC7thB9345gda54oabldCnFanT2qDPbAOWGOyRnp39e+LPipqlRoVdVSrT3qDP8ADJGQMdrOOndOTUtqnOqnQ2DdW7A4O4FNAT7gQZjQs6pNMBWU867OSDtqL6T7jkQLFSv6Lu1NK1NnX7yq6kj3gbieU+I0HcItakzkZCh1JI8cZlftaRZbKilu9OrblTVYoQFCqQ2G\/n1eWeuTiLawK2tlikQ63OpuzuAS+SfnAsCX9FqhpLWpmqOqB1LD4dZ5ZXnN5gI0vTcoy5z5g+4gg\/GV2zoulxTVKdQgVSzU6tEEUwdWWSsMZ69Nzvjadbh4zfXjj7uKSf8AkoYt+TLA60TyewEREBERA5\/F+JG3VNCcypUJVFLaRspYknwwJrtOLE27Va9JqRQgEAFg2QCCmBlgdQHTrkTX6SLmiNVDm08nXpzqTsnDLjfrscb7zD0YFTlNq5nJ7PK5v3saRq676c9MwJ3COIfaqIq6CmWYaSdxpJG\/gdundNPEeMLQq06QRnd3VTgHCBjjJbGO7Yd8j8Jq\/ZrJ3qo4C1ahIC74NQ748MHPum\/jtJmWhpUnFxTJwOgGckwPb\/iNam7CnbGolNdTuz6B37JsdRwPIdN5jV4pUYI1vbmqrUxVLO2hQp3ABwct5d00cdZKgahXt67oQDTalrOpt9jpxjH\/AFbTVWZvs1Khe0KrhqS6mo6j2+9TowR7+h3gdmxu1r0adZMhaihhnrvJEgcDp1VtaS1tqgB2OMgZOkHG2QuM+eZPgJzuMcSNuq6KfMqPq0qW0jsqWJJ9wnRnF9KFBodugatMaixXOqmdJ0sMb9djjxgSLfiv8Bqtek9IodJUAtqJxjRgdoHIHTrmbeE3\/wBpoLW0FNRbsk7jBI389ukh+jYqcp9XM5Wocnm\/f06RnzxnOM7zzhVb7NYhqqOMO+QF33c4OPDfMDK8406NW5dDmU6H\/NbXgjYMQq47RAPiJnc8Uq6m5FvzURQzOz6AcjOE2Oo49w6SDcmpR+20hRqO1wS1EquVOpApDHouCD17pqv7pgVs3WutBKaio9OjUY1dsFVKjYeJ690Doni9SoENtb80NTWqWd9AAbcAHBy3l3SfYXa16KVVBAcZweo8QfjOHxPiJJp29NK9K3NMFnShULaT0RcDsnHUncd2\/Tt8P5fIp8pSlMLhVZSpAG3Q7iBJiIgIiICIiAiIgIiICIiAiIgIiICIiB5PFYHoQfdPZUODVmtddRiTb169VGydqb8xgp8lbofPHjAt6sCMg5HlEp1jxWrStbKhSypNDWzig9XGCABpXHj1J7vOSVu7ivXsWYmieZVVlamw1aVbtYJBAK9x6Z78QLQWAxv16ROZxWtpr2Y0qdVRhkjJXFNzkeB2x8Zz7Lil1ptK1VqRS4cU9CoQVyGIbVnf7vTHf5QLHE4dje3VZEutVIUHJ\/hFSGCb4OvO7d+MeU10eKXPLoXTmkaNZ0ApBSGUVCAp153IyMjAgWCJWk4peFFrBqOlrhqIQo2ca2UMWz3Y6Y38ZlccZuKC1ab6alVaqU1dKbYw66s8sEkkb7A7wO\/SoKjOyjBc5bzOMZ\/KZlgOpAnJ4HxGtVepTqq5ChStU0KlINnORpbvGB0PfNNeprr3rEAi3o6FVhtll1sfiNI+B8YHdBzPZXKN5dVG5dF6VJUtqVTemW3YNsBqGBtOnaX7VbFbjAVmo68dwOnP94HQmJYDqRK7Qvb5jbg1KA+00yw\/ht\/DIAP4u318p4l+9Xk8xUL\/APE0ywXvp5XK+GcdIFi5i\/iHTPXumUpdGpotw2lWxw6hswyDv3idite3Tm4ei1JEtyV0OhJqFVBPaBGnrgbGB3Zqt7daa6UGASWPmWOST8TOH6xuqzVTRenTRKVOoNaFidSlsbEY9803HHLgrSqDTQpPRSoGak9RSzDJVmUjQBtuQevlAs2R0757OPXrabq0qqQeeDTbSchuzrU+eMHB\/wCozsQEREBERA8gROdxziQt6Qwyq9RtCM33V8WPkBvjvOB3wJzqrgggMM7jruN5k1RQQCQCemT1nB9Ea1I066U6nM013JOckgk4J9+DMeOWduWqA0\/tF3XGKStgmngYyp\/kUHcnx84FhLADJOBPGcL1IHvMp\/pJfKaL2z1wOTTXXkkGrU2x8B1PiSPAzopSo3l44qqlaktvTNMMAV7ZbUwz39kbwLBPZy\/RuozWVMsSSC6gnqQrsq+\/YCdSAnhE9iB4SAN9gJgyrUXfDLsfEbHI\/OaOIWlOsgSoNSg6tBOzkdAR3jynN9Gxoe5pNTFFg6tyV3RFYYGk9DkqTsBvA7DV0BwXUHwJEyNRRjLAZ6b9ZweO8NoV61KhyKXMrEtUqctdYppjPaxnJJVc+ci3Noa1zdAW9CotBUVBVJwq6c4QAdkn8XugWlnC9SBnxM9lZ4dSo3tUmonMpLa0DSWr2iuvXk5P83ZHa67TqejlRnsqJYkkArk7khSQDnvyADA6cREBERAREQEREBERAREQEREBERAREQPJDThVEUKlAqWp1C5YE\/jJJ\/MybEDljgVEJSVGqIaK6EdHw2k9QT3jYd3dMxwWiFohdamixdWDnOWzqyT1zk5nRiBHuLNKj03bOaTFlwe8qV3+BM0LwmkKdCn2tNBg6b75AI38dmMnxA5icDoq4Ya9IfWKes6A3XOn3nOOkUuBUVZTmoURtaUy5KK3XIXyPTuHdOnECCvCqQprTGrStU1Rv\/MWLfLJM8r8Io1OYWDZqMrEhiCGTZSpHQ7SfECHZcOSiXYM7u+NT1GLEgdB5AZPTxmmrYE3FRutKvS0VN9wRsCPeCR8BOlECHQ4bTpsWXVk01pnJ\/lTOPjuZlQsUp262655apoGTvjGOslRAiU+HU1NEjP8BSqb9xAG\/jsJqTg9JSCNWzVGG\/fVyW\/vOhEDmeoqOjR2tPJWj97+VOnxi54HRqM7E1FFTHNVKjKr4GNwPLbbE6cQIicPpqapAI5qhWA6AKCBjw2MingFHSqq1VAKa0joqEakUYAb4Z3GDvOrEDnCw\/4iiQoWjQQimo\/EdvkFGP8Ay8p0YiAiIgIiICeEA9Z7EDnVeGAUaqUWKNVcuW1EYLHJxj+0wq8DRq1SsK1dHqY1aHxsNgBt0nUiBFubBKtE0XyVZdJOe0fj4zXecKp1mDaqiMF06qblSVPcfKTogareglKmtOmoVEACgdwE2xEBERAjX1ildQr5BVgyspIZWHeDIjcIC0qi0ncVajKWqs5LHSR3+QztsPnOpECP9jTn8\/fWE0DfbBIJ\/MD5SPecIpVnLk1EZl0vy3K61Hc2Ped+s6EQOdccFovp0l6WlOX\/AAnK5T8Jx3fmJNoUVpoqIAqKAFA7gOk2RAREQEREBERARPJ7AREQEREBERAREQMHfEx5nlFXrKhxbjNxTuaqJUwqnAGlfAeU6YYcnH5Pk4d1v5vlHN8pRfX937X9KftHr+79r+lP2nTTLl1ML1zfKOb5Si+v7v2v6U\/aPX937X9KftGmTqYXrm+Uc3ylF9f3ftf0p+0ev7v2v6U\/aNMnUwvXN8o5vlKL6\/u\/a\/pT9o9f3ftf0p+0aZOpheub5RzfKUX1\/d+1\/Sn7R6\/u\/a\/pT9o0ydTC9c3yjm+Uovr+79r+lP2j1\/d+1\/Sn7Rpk6mF65vlHN8pRfX937X9KftHr+79r+lP2jTJ1ML1zfKOb5Si+v7v2v6U\/aPX937X9KftGmTqYXrm+Uc3ylHfjd4v3qhXv3RR\/ieU+OXjEKtQknoAiftJpleoheeb5RzfKUZOO3jEBahJPQBF\/aZHjN6NWXI0\/eyi7Z8do0ydRC783yjmSjDjl4QSKhwOp0Jtnp3QeOXgAJqYDdDoTfHwjTJ1ELzzI5kon+8F37X9KftMjxy8ChuZ2ScA6E7uvdLpk6iF55kczylHTjV62dLs2OuKanH5TD\/eC79r+lP2jTJ1EL3zfKOZ5SjDjl4QWFQ4XGToTbPTunnr+79r+lP2jTKdTC9cyOZKL6\/u\/a\/pT9p6\/HLxSQ1TBHUFE\/aNMnUwvPMjmSi+v7v2v6U\/aZLxy8IJFQkDqQi7e\/aNMnUQvHMjmSi+v7v2v6U\/aPX937X9KftGmTqYXrmRzJRfX937X9KftPP8AeC79r+lP2jTJ1ML3zI5koyccvGOFqFj4BFP+J4ePXY\/+r+hf2jTJ1EL1zI5kon+8F37X9KftMn45eKSrVMEdQUT9o0ydRC88yOZKL6\/u\/a\/pT9o9f3ftf0p+0aZOoheuZHMlF9f3ftf0p+0ev7v2v6U\/aNMnUwvXMjmSi+v7v2v6U\/aPX937X9KftGmTqIXrmRzfKUX1\/d+1\/Sn7Tq+jnE61es61X1AJkbKN8jwEk\/FMRbWPzxlNLQjZmU10psnCXogiIhSIiAiIgIiIGqr1lB47\/rK39X+BL9V6yg8d\/wBZW\/q\/wJ6Ph7vJ\/wBPZAiInoeMiIgIiICTaXDi1MOHGWVmC4O4Trv0EhSSb1+UlIEhVzkAnDZOdxJN\/jUV+sXs6qjJQgY1d3QbZ\/OetYVgCTTYAHB6bSdT4sGqIXUKiBuyMnVqx2fISOOJvp3UF8MuvJyAx1EY6de+S8mqw8sKXDarEjTgjVnJHVOo98ys+HGqudYUl9AGknJxnqOg85tfixY55S4JcsNR7XMADe7pNVpxFqK6VHZLaiMncEYwZP5H8LYUeH1XKYXZzgHIxmetw+psApLHVkbY7Jx1zNqcVKoiLTUaCp6ncr5ec8HEttPKXQdQK6jvqIbr5ER\/I\/giCg+orobUvUY3E22zcmvTaopAVgSCO73Q94WqPUKqS3cQcD3TWbg6tQCg4xsMj5HM19s\/UOhb1KQqlqtwtQbkZDEbncbjY4m+hc2yMhDIumoSMA5KnV1222x3zl\/baniv0J+0fbaniv0J+0zOLcZ0lULmmLihUyqDR28DADYYdB8Jsa7pBAGZaroqjUQTqIfJAz3Y2kH7bU8V+hP2j7bU8V+hP2l4pGdJ5q2gJXZkDIc4OTliW+QIHwm77XbnSHakzKpwQpCDLZ6YP8vlOV9tqeK\/Qn7R9tqeK\/Qn7ScF2JwuLbRpITGkk4G+dewB\/pzN7XdAsg1UioL9FICg407Y+9gTlfbaniv0J+0fbaniv0J+0cDYl2ddFFVRWFPNRGVsEZCk9w\/tNtW6tWVjpXLOSwOzbtkEbfh7szRYmrXZlDopClt6ab47unnMzRuNtOluwrHsIMFhnTuNztJMRaxM19QzNxRJqKalMKxTToQ40huhGNziLm5txrKctmKIPu9+o6sbDfTiYmlWFanSL081ACCEQ4yM7jE16LnQHCqQcEYWnnc4G2M9doqPJc+EmpcWurscsdltDEEgdMBhjr18Zpe4pNdVn1J2h\/DZlJXV2eo9wMxFK5JIAQkdcCl1Pd5nbpMkt7pgCAmDjGRSHXp7sxUR+lzP42NcWu6qE0sanVdx2Rox4dqRkrKbdFFXllNWpe1289MY+W8N9oFPmEKF80p564zjGcZ2zNH22p4r9CftLGLM5eXSa4tcgjlkdrSNB2XTsG8Tqhbq2JXUKYAKE4X\/AKTrz8cTm\/baniv0J+0fbaniv0J+0cF5p\/2q3ZV1rT6Uy2lcHIbtfph7mgNRHKapoOCE7JOsY2PeFzIH22p4r9CftH22p4r9CftHA5pdC4ppcVtDotJjgZ1gFc52K7gzebugVVdakIamnmKSck9hm23HjOb9sqeK\/Qn7R9tqeK\/Qn7RxSM6TLmtQK1OWaYYkZyp7Q0jOjbbtZmPGa9Go+qkR946ttyfHPh3Y8pF+2VPFfoT9phUuGcYYjHkqj+wljGpJzuGqIiacyIiAiIgJ3fRH\/UP\/ANv\/ACJwp3fRH\/UP\/wBv\/Imc\/wCsunx\/3hcaU2TXSmyeKX0o7EREikREBERAREQNVXrKDx3\/AFlb+r\/Al+q9Zwb6lw\/nPzmUVM9rLN4ftO3x5Rj9y83z48oVCJZ+Vwv8a\/U0crhf41+pp13YvNr9wrESz8rhf41+po5XC\/xr9TRuxNfuFYiWflcL\/Gv1NHK4X+NfqaN2Jr9wrESz8rhf41+po5XC\/wAa\/U0bsTX7hWZ5LPyuF\/jX6mjlcL\/Gv1NG7E1e4ViJZ+Vwv8a\/U0crhf41+po3Ymv3CsRLPyuF\/jX6mjlcL\/Gv1NG7E1+4ViJZ+Vwv8a\/U0crhf41+po3Ymv3CsRLPyuF\/jX6mmyhacNqMEQqzHoAzbxuxNXuFVnktDUOFgkFlBGx7TTzlcK\/Gv1NG7E1e4ViJZ+Vwr8a\/U0crhX41+po3Ymv3CsRLPyuFfjX6mjlcK\/Gv1NG7E1+4V2hXNPVp\/mUr7s46fKTG4xUOrIB1BRtkbqCAdj5zrcrhX41+po5XCvxr9TST8mErGMx2yhwxfNzKdTSuumAM79rGwzPU4k64wACEVQf6W1D852+Vwr8a\/U0crhX41+po2YLxn\/UOMnEipJWlTALBwO1gOM9ob+fTpPPWb94Un+H\/APjORO1yuFfjX6mjlcK\/Gv1NJswOM\/6hxK\/EXqU9DAe8E9M5xjODvIcs\/K4V+NfqabTZcN5YqZXQTjVqbr4TUfLjHZJ+OZ\/YVOJZ+Vwr8a\/U8crhX41+po24pr9wrESz8rhX41+po5XCvxp9TRtxNfuFYiWflcK\/Gv1NHK4V+NfqaNuJr9wrE9lm5XCvxr9TRyuFfjX6mjbia\/cKxEs\/K4V+NfqaOVwr8a\/U8bcTX7hWIln5XCvxr9TxyuFfjX6mjbia\/cKxEs\/K4V+NPqaOVwr8a\/U8bcTX7hWJ3fRH\/UP\/ANv\/ACJK5XCvxr9TSdwlLMVG+zMC+nfBY7Z8\/OTL5ImKbw+Osom4dmlNk10uk2TzT3e6OxERIpERAREQEREDVV6z5\/6Rf62t7x\/YT6BV6yk8c4bXe7qslJ2UkYIHXYS\/jyf9MTMfTi001MFHeQPnJdW1QU3ZdRIcjbHZAOO137+PlPU4VdAgig+QcjbwkhrS6xUC2zDWTvp3AO5GfDMlvJjhNfcIqcPLBSCq5VTlj3sSBj5TC3sXqZwVBDae0cdrfb8pLFpeAAcl8Lpx2fwEkfmTFOzvVORRf7+v7vfv+8WvD1LVQ4dllDHIJTdTthiR\/iH4fkLo3JCdSMdoEn+03pbXqgYov2dOOyP5SSPzJgW98MYouMYx2B\/LkD8iYteHqUVeGucYZMHGGzsdWQMfEGEsDlA5A1g6ceIBxn4iSjbXu2KDAAqQAgwNOSMfEmepb3gGPs7d52XHaIIBPuzFnD1LkRJvqe59hU+UeqLn2D\/KLc9eXhCiTfVFz7B\/lHqi59g\/yi04ZeEKJN9UXPsH+UeqLn2D\/KLOGXhCiTfVFz7B\/lHqi59g\/wAos4ZeEKdH0e\/1tH+r\/Bmv1Rc+wf5SdwThtdLukz0nVQdyR02MW3hhlGUfTk3f\/Nqf1t\/czVOjc8JuTUcii5BZiNvMzX6oufYVPlFszhl4Qok31Rc+wf5R6oufYP8AKLNeXhCkizoLUbSWYE9MAEDzPlNvqi59g\/ym63sbumGAtyQwwdSZ2i1xwyv7hpNkoUEscjRrGOgfpjxmR4dgVTljodlXSBvp6k7\/ANpu+y3mFBoMQMdU646Z8cTJqF6Sx5BBYk7J0JGCR4EiLb4enIiTfU9z7Cp8o9UXPsKnyi3Phl4Qok31Rc+wqfKPVFz7Cp8os4ZeEKdep\/6Wn\/eP9pF9UXPsKnynTfh9f1etPlPrFUnTjfGIbwwyi\/r8V+JN9UXPsH+UeqLn2FT5RbGvLwhRJvqi59hU+UeqLn2D\/KLNeXhCiTfVFz7B\/lHqi59g\/wAos15eGu1thUVu0Q4GenZ6gAE+JzN44ehqKodtJLrnSM6k+PQzYlldrTNMW5wTnJTfPjnymwUb3WH+zkkZx2NsnqceJi3SMPMIJtRyBUBLN1YDThd8b98izpmxu9JUW5UHqQgBIznGfCafU9z7B\/lFsZYT+QhRJvqe59hU+Uep7n2FT5Raa8vCFEm+p7n2FT5R6nufYVPlFmvLwhTv+h3+oqf9v\/InN9T3PsH+U7XotY1qVd2qU2QFMAkd+RLEt\/FhlGcXC2Uuk2TXS6TZEvqR2IiJFIiICIiAiIgaqvWer0nlXrPV6SZ\/1SO72JrruVRiOoUkfATl0OJVVp62BcFVK6hoJOCWAGNxjHdOVNOxE5r8YUAnQdhqxkZ06QQfmcTL1ngsrU8MobIDZHZUN1x3gxQ6ETn0b13Fc6QAgBQ5yd1Db\/OR7PiTlGJ7WNAAcaCWYZIxuSMYI2ih2InJXijOCwXSmKRBz2u2cEEYkq0v+YwBTSGUshznIBxv4HcRQmRESBERAREQEREBPG6T2eN0lx7kvRECJBHvq5pUy6jJ2xnoM958hMVujzKa6Rh1Lag2RkY+fXrMr5iE2LqT0KKWIPmPCQECKaZX7QOWpAHKbBz1ztKJ73BFYU9OcoWBz4EDH5yI3FSKTvpXsNpPb2O2eycbnux4zWhGpHZrgsqFDikwznqenXYTwqhVh\/xOX++eW3a2x+HHSUdcHaeyJVvBTCgISCu3aUY+DEGeXVw3J5isEOMgEBsnuAwepPhJQmRObRvnNYq\/ZAOjGnYtpDHtfPu7p7Xq1hVcI+oKoYroGRqOBjx2BPyih0YnPs78swVwc7Dp379ffjp5GdCQJ53z2Y98sEsoiJAkS+umplAoHabBLHAHx8T3SXIPE1DKEY1QD94IhYEd4O20sDfTrk1XplcaQpBz11Z+XSR0v2ZtKp11aCW66Dg58Jodhqd1NwGdQv8AymwADtjbzPzmL06RDYFyNQIGKbdnUctp27zKJKX5Ipto7Ltp+9vnJGw7xtn3SfOQgUPTbNx2BgDlHGPdp28M+EmV78IxXQTjv1Ux\/c5koS4kS7rOrU9DDtMBoxkkZ7Rz3YE8tXqGrVDOGVCFHZA7XU\/kRFCZE5T3VYB9JDqrY1qnfgkjHhnAz5nwkqzvOYSCCDuRt3D\/AD+8UJcREgTF5lMXmsO6T2e0uk2TXS6TZO0pHYiIkUiIgIiICInkDXV6z1ek8q9Z4GjKJmPpmJqWTKCCDuDsZrqWtNlVWQEL0Hh3f2mWuNc58MmuUNKWSh2Y4OVCAYGAo7vODw+jpC8tcA5xjvOx\/Kbtca44ZHKGK2yDOFA1DSfMDaYtZ0j1Qd36enyzNmuNccMjlDWLKkMYRdgAPcpyPkZlStkQllUAt1ImWuNccMjlDOJhrjXHDI5QziYa41xwyOUM4mGuNccMjlDOJhrjXHDI5QznjdJjrgtLGE2TMMxEw1xrk4ScoR+KAGiwLhBtkkkAjwJG4B6ZkAXNRqlsQlRaWfEHOVbOo5yQNp1ywIIIyD1EF5Yxk5Q5dW8Rq68lyzaSxXVswIOlQDtknfPdiRedU0sKpqqA775wdWlSoGD0yTge6d1SAAAMAdBPdccZ8HKGCU9SKaigtpGcgde+K9pTqBQ6AhTlR0wfLEz1xrk4ZHKGo2VInJQE40\/Dp\/ablpqCSAMnAJ93Sea41xwyOUMRbICGCjKjAPhNsw1xrjhkcoZzzvmOuNW8sYSk5QziYa41ycMl5QznN4ywUIxOynOjUVLnuwR\/N4Dvk\/XPCwPUecRhJyhz1uFW6Y6zoCEt2mODkfeB2Xyx13mq6Uq1dqZYadCntvjtEFz342Pd03nVfDDBGR4T3XLxkuHEp12JXBYHKimNTEMNZDnfqMePSdtqKE5KqT4kCNca4nHI5Q11bOm7q7KCyjAO+3fMzbpv2Ru2o+\/xnuuNcnDI5Q1ULGlTUqiAKeo3xNq0VDFgoDHqfGNca44ZHKGcTDXGuOGRyhnMXnmueFsy44TEpMxTOl0mya6XSbJ0kjsRESKREQEREBPJ7EDFlzPOWJnEWlMOWI5YmcS2VDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDDliOWJnEWVDFVxMoiRSIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgIiICIiAiIgf\/Z\" width=\"256px\" alt=\"calculate stockholders equity\"\/><\/p>\n<p>Hence, it should be paired with other metrics to obtain a more holistic picture of an organization&#8217;s standing. Shareholders&#8217; equity includes preferred stock, common stock, retained earnings, and accumulated other comprehensive income. The difference between return on equity and return on assets can be found in the denominators of each formula. For return on assets, the denominator is average total assets and for the return on equity formula, the denominator is average stockholder&#8217;s equity. Both of these variables can be found on a company&#8217;s balance sheet.<\/p>\n<ul>\n<li>I\/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.<\/li>\n<li>A positive stockholders\u2019 equity speaks well of the company and boosts its chances of attracting investors.<\/li>\n<li>The rate earned on stockholders&#8217; equity is equal to a company&#8217;s net income divided by its stockholders&#8217; equity, expressed as a percentage.<\/li>\n<li>Total assets of a company minus its total liabilities are equal to shareholder\u2019s equity.<\/li>\n<li>Preferred stock, common stock, additional paid\u2010in\u2010capital, retained earnings, and treasury stock are all reported on the balance sheet in the stockholders&#8217; equity section.<\/li>\n<li>The par value of issued stock is an arbitrary value assigned to shares in order to fulfill state law.<\/li>\n<li>This is usually one of the last steps in forecasting the balance sheet items.<\/li>\n<\/ul>\n<p>For example, if a company made $100 million in annual profits, but only paid out $10 million to shareholders, its retained earnings would be $90 million. Retained earnings, also known as accumulated profits, represent the cumulative business earnings minus dividends distributed to shareholders. Another way to increase stockholder&#8217;s equity is to determine any assets your company owns that have depreciated over time. This refers to a company&#8217;s total profits after paying off dividends to shareholders. The First Formula of Stockholder\u2019s Equity can be interpreted as the Number of Assets left after paying off all the Debts or Liabilities of Business. Positive Stockholder\u2019s Equity represents the company has sufficient assets to pay off its debt.<\/p>\n<h2 id=\"toc-0\">How To Calculate Stockholders&#8217; Equity For A Balance Sheet<\/h2>\n<p>Stockholders&#8217; equity consists of contributed capital, which is what the owners or shareholders have invested, and retained earnings, which are the accumulated profits after paying dividends. Contributed capital includes the par value of the company&#8217;s common and preferred stock and the paid-in capital, which is the difference between the issuance price and the par value. If the retained earnings balance is $2 million, the stockholders&#8217; equity is $5 million plus $2 million, or $7 million. Total stockholders\u2019 equity equals the money you have raised from issuing common and preferred stock plus your retained earnings, minus your treasury stock. Retained earnings are the total profits you have kept since you started your business that you have not distributed as dividends.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"252px\" alt=\"calculate stockholders equity\"\/><\/p>\n<p>However, low or negative stockholders&#8217; equity is not always an indication of financial distress. Newer or conservatively managed companies may have lower expenses, thereby not requiring as much capital to produce free cash flow. Initially, at a corporation&#8217;s foundation, the amount of stockholders&#8217; equity reflects how much co-owners or investors have contributed to the company in form of direct investments.<\/p>\n<h2 id=\"toc-1\">Preferred Stock:<\/h2>\n<p>It is set by the company&#8217;s board of directors and is usually based on the amount of capital the company needs. The total number of authorized shares is then divided by the par value of a share to determine the number of authorized shares with a par value. The number of authorized shares with a par value is then multiplied by the number of shares that are outstanding to determine the total number of shares outstanding. This number is then divided by the total number of shares that are authorized to determine the percentage of shares that are outstanding.<\/p>\n<p>The current assets include cash, account receivables, and inventory. The long-term assets include fixed assets such as equipment, property, patents, etc.<\/p>\n<p>This is an ownership share in a company that permits its holders to receive dividends and gives them voting rights in shareholders\u2019 meetings. Long-term liabilities can include bonds, leases, and any pension and benefits liabilities. Short-term liabilities are those that will need repaying within one year, such as annual taxes. However, debt is the riskiest form of funding for businesses since the corporation must fulfill the commitment with bondholders to make monthly interest payments regardless of economic conditions. Stockholders\u2019 equity is important for a company because it demonstrates the amount of money that would be available to either pay off liabilities or reinvest in the business.<\/p>\n<p>As explained above Stockholder\u2019s Equity are excess assets over its liabilities. To analyze the growth of Company one cannot rely on profits earned by the Company. From Stockholders Equity, one can get a clear picture of whether a company has sufficient assets to repay its debt, whether a company can survive in the long run.<\/p>\n<h2 id=\"toc-2\">Steps To Calculate Stockholders Equity<\/h2>\n<p>Although shareholder equity isn\u2019t the only factor to consider when weighing up an investment, if it\u2019s negative, the company\u2019s prospects are far riskier. You can use this figure in conjunction with other metrics of financial health to form your analysis.<\/p>\n<p>If your business is more profitable, you&#8217;ll see an increase in retained earnings. To increase retained earnings, consider laying off employees, reducing any benefits or bonuses you have in place and using more economical equipment and machinery. If you increase your corporation&#8217;s sales revenue, this will positively affect your retained earnings, as well. There are two main ways to utilize the information gained through stockholder&#8217;s equity.<\/p>\n<p>Essentially, retained earnings represent the amount of company profits, net of dividends, that have been reinvested back into the company. Total assets are the sum of a company&#8217;s current assets and non-current assets. Current assets, such as cash, accounts receivables, and inventory, are assets that can be converted to cash within one year. Non-current, or long-term assets, such as property, equipment, and intangibles (i.e., patents), are often not easily converted into cash within one year. If a company does liquidate, less marketable assets may yield lower sales proceeds than the value carried on the most recent balance sheet. The stockholders&#8217; equity account is by no means a guaranteed residual value for shareholders if a company liquidated itself.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"256px\" alt=\"calculate stockholders equity\"\/><\/p>\n<p>It is considered an asset when calculating total stockholder&#8217;s equity, in addition to retained earnings. However, treasury shares, which are shares that have been repurchased and retained by the company, fall under the company&#8217;s liabilities when calculating, as they detract from a company&#8217;s total equity. Shareholders\u2019 equity is also known as stockholders\u2019 equity, both with the same meaning. This term refers to the amount of equity a corporation\u2019s owners have left after liabilities or debts have been paid. Equity simply refers to the difference between a company\u2019s total assets and total liabilities. Stockholders\u2019 equity can be calculated by subtracting the total liabilities of a business from total assets or as the sum of share capital and retained earnings minus treasury shares. All these amounts are listed as separate line items on the company&#8217;s statement of stockholder&#8217;s equity.<\/p>\n<p>When a company generates net income, or profits, and holds on to it rather than pay it out as dividends to shareholders, it&#8217;s recorded as retained earnings, which increase stockholders&#8217; equity. For example, if a company reports $10,000,000 in net profits for the quarter and pays $2,000,000 in dividends, it increases stockholders&#8217; equity by $8,000,000 through the retained earnings account.<\/p>\n<h2 id=\"toc-3\">Retained Earnings<\/h2>\n<p>If a company has assets equal to $20,000 and liabilities equal to $12,000, then their stockholder&#8217;s equity is equal to $8,000. If this company has been steadily increasing in stockholder&#8217;s equity, then investors can consider this company a safe and worthwhile investment. If the opposite is true, then investors might think twice about investing in that company. Corporations like to set a low par value because it represents their &#8220;legal capital&#8221;, which must remain invested in the company and cannot be distributed to shareholders. Another reason for setting a low par value is that when a company issues shares, it cannot sell them to investors at less than par value. Subtract the liabilities from the assets to reveal the total shareholders\u2019 equity.<\/p>\n<p>Based on our focus, we would be learning more about the last component, being the stockholder\u2019s equity as it related to the balance sheet. Three fundamental financial statements make for a proper financial report, of which the balance sheet is one of them. In the balance sheet, you will be able to see the assets, liabilities, and shareholders\u2019 equity of the company during the reporting period. It is also known as the statement of financial position or the statement of net worth. Positive &#8211; A positive equity shows that a company has the assets to cover all of its liabilities.<\/p>\n<p>Stockholders\u2019 equity is a financial indicator that reflects the value of the assets and liabilities on a company\u2019s balance sheet. Often, this summary is accompanied by income statements and cash flow statements to provide a full picture of the company\u2019s financial situation. Though calculating stockholder&#8217;s equity isn&#8217;t an all-encompassing look at your corporation&#8217;s financial stability, it can provide a general indication of its current and future status. In other words, shareholders will be paid dividends before common stockholders are. When used with other metrics, stockholder&#8217;s equity can be a great way to determine a business&#8217;s financial standing. In general, knowing the stockholder&#8217;s equity allows you to quantify your company&#8217;s net worth. For example, if your stockholder&#8217;s equity is a positive number, this means your company will be able to pay off its liabilities and you should be in good financial standing.<\/p>\n<p>These impairments, when booked, reduce stockholders\u2019 equity and the book value of the company. So, it is very important to test the fair value of all assets and liabilities based on the events that have occurred after the company reported earnings, or we can see that happen again in the future. This item represents the cumulative earnings of the company after the payment of dividends. Total liabilities and total assets <a href=\"https:\/\/simple-accounting.org\/what-is-stockholders-equity\/\">calculate stockholders equity<\/a> can be combined into a debt ratio formula, which divides total liabilities by total assets. The equation for total liabilities and assets equals $100,000 and $300,000, respectively, for zero. Determine the total stockholders\u2019 equity by subtracting the total liabilities from the total asset. This is a superior class of equity ownership that has higher claims on the assets and earnings of a company than common stock.<\/p>\n<p>If we multiply the current stock price with the number of issued shares we will get the market value of the company. A decline in a stock price of 10 percent means that the owner of the shares has lost 10 percent of her or his investment. For example, assume your small business has $30,000 in accounts payable, $25,000 in unearned revenue and $95,000 in notes payable. Your debt-to-equity <a href=\"https:\/\/simple-accounting.org\/\">https:\/\/simple-accounting.org\/<\/a> ratio should be significantly lower, as expected. By reducing debt-to-equity ratios, the company has fewer liabilities than its assets at lower interest rates. Cumulate the company\u2019s total liabilities for the stipulated period still to be found in the balance. Negative &#8211; A negative equity, on the other hand, means that the business does not have enough assets to meet its liabilities.<\/p>\n<h2 id=\"toc-4\">Example Of Calculating Shareholder&#8217;s Equity<\/h2>\n<p>You may subsequently choose to open one or more investment advisory account. To begin investing on Stash, you must be approved from an account verification perspective and open a brokerage account.<\/p>\n<p><img decoding=\"async\" class='aligncenter' style='display: block;margin-left:auto;margin-right:auto;' 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\" width=\"257px\" alt=\"calculate stockholders equity\"\/><\/p>\n<p>For example, a business has total assets of $60,000 and total liabilities are of $20,000 then the shareholders\u2019 equity will be $40,000. Shareholder\u2019s equity consists of two things that are share capital and retained earnings. The shareholder\u2019s equity requires essential information about a company\u2019s fiscal health to analyze assets liquidation of paying off debts, the amount that is left after paying debt obligations. When a company needs to raise capital, it can issue more common or preferred stock shares. If that happens, it increases stockholders&#8217; equity by the par value of the issued stock. For example, if a company issues 100,000 common shares for $40 each, the paid-in capital would be equal to $4,000,000 and added to stockholders&#8217; equity.<\/p>\n<p>Some investors may be repaid directly by the company via share buybacks. The stockholders\u2019 equity, also known as shareholders\u2019 equity, represents the residual amount that the business owners would receive after all the assets are liquidated and all the debts are paid. Assume that a corporation without preferred stock had net income after tax of $100,000 for its most recent year. The corporation&#8217;s stockholders\u2019 equity was $950,000 at the beginning of the year and was $1,050,000 at the end of the year and the increase occurred at a uniform rate throughout the year. The corporation&#8217;s return on stockholders\u2019 equity was 10% ($100,000 divided by the average stockholders\u2019 equity of $1,000,000).<\/p>\n<p>Shareholders, however, are concerned with both liabilities and equity accounts because stockholders equity can only be paid after bondholders have been paid. Net tangible assets are calculated as the total assets of a company, minus any intangible assets, all liabilities and the par value of preferred stock. The debt-to-equity (D\/E) ratio indicates how much debt a company is using to finance its assets relative to the value of shareholders\u2019 equity. The rate earned on stockholders&#8217; equity calculation has certain limitations. Financial ratios generally are more meaningful when compared against historical trends and among companies in the same industry sector, rather than as standalone numbers. This is also true for the rate earned ratio, because it varies across companies and industry sectors. Management actions might lead to a higher ratio, even if the company does not generate additional profits.<\/p>\n<p>Share Capital refers to amounts received by the reporting company from transactions with shareholders. Companies can generally issue either common shares or preferred shares. Common shares represent residual ownership in a company and in the event of liquidation or dividend payments, common shares can only receive payments after preferred shareholders have been paid first. The simplest and quickest method of calculating stockholders\u2019 equity is by using the basic accounting equation.<\/p>\n<h2 id=\"toc-6\">How Do You Find Average Shareholders Equity On A Balance Sheet?<\/h2>\n<p>Retained earnings are the accumulated profits, or business earnings minus dividends paid out to shareholders. Treasury shares are those that have been issued by the company but then later repurchased. These must be deducted from stockholders\u2019 equity, as they\u2019re owned by the company. A common formula that is used to calculate stockholders\u2019 equity requires subtracting total liabilities from total assets of a company.<\/p>\n<p>There are several components that go into shareholder equity, including retained earnings. This is the percentage of net earnings left over after dividends have already been paid. It\u2019s important to note that retained earnings are separate from liquid assets like cash, but still make up a portion of the total assets for equity purposes. A Statement of Stockholders&#8217; Equity is a required financial document issued by a company as part of its balance sheet that reports changes in the value of stockholders&#8217; equity in a company during a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Content How To Calculate Stockholders&#8217; Equity For A Balance Sheet Preferred Stock: Steps To Calculate Stockholders Equity Retained Earnings Example Of Calculating Shareholder&#8217;s Equity How Do You Find Average Shareholders &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-1902","post","type-post","status-publish","format-standard","hentry","category-bookkeeping"],"_links":{"self":[{"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/posts\/1902"}],"collection":[{"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/comments?post=1902"}],"version-history":[{"count":1,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/posts\/1902\/revisions"}],"predecessor-version":[{"id":1903,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/posts\/1902\/revisions\/1903"}],"wp:attachment":[{"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/media?parent=1902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/categories?post=1902"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.isysnsol.com\/TMi\/wp-json\/wp\/v2\/tags?post=1902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}