Houghton company has the following items: common stock, $1,790,000; treasury stock, $210,000; income taxes payable, $280,000; and retained earnings, $870,000. what is the total amount houghton company should report as shareholders' equity?

$2,450,000

Explanation:

The common stock net of the treasury stock is captured as equity.

The tax payable of $280,000 is a liability and not equity.

$1,790,000-$210,000+$870,000 =$2,450,000

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!