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A company has common stock of $12,500, paid-in surplus of $18,300, total liabilities of $15,800, current assets of $14,200, and fixed assets of $39,600. What is the amount of shareholders' equity? a) $25,300 b) $30,800 c) $37,000 d) $38,000 e) $42,200

A company has common stock of $12,500, paid-in surplus of $18,300, total liabilities of $15,800, current assets of $14,200, and fixed assets of $39,600. What is the amount of shareholders' equity? a) $25,300 b) $30,800 c) $37,000 d) $38,000 e) $42,200

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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A company has common stock of $12,500, paid-in surplus of $18,300, total liabilities of $15,800, current assets of $14,200, and fixed assets of $39,600. What is the amount of shareholders' equity? a) $25,300 b) $30,800 c) $37,000 d) $38,000 e) $42,200
Transcribed Image Text:A company has common stock of $12,500, paid-in surplus of $18,300, total liabilities of $15,800, current assets of $14,200, and fixed assets of $39,600. What is the amount of shareholders' equity? a) $25,300 b) $30,800 c) $37,000 d) $38,000 e) $42,200
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