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A company reports common stock of $15,000, additional paid-in capital of $22,000, total liabilities of $18,500, current assets of $16,200, and fixed assets of $48,300. What is the amount of shareholders' equity? a) $15,000 b) $37,000 c) $46,000 d) $63,000

A company reports common stock of $15,000, additional paid-in capital of $22,000, total liabilities of $18,500, current assets of $16,200, and fixed assets of $48,300. What is the amount of shareholders' equity? a) $15,000 b) $37,000 c) $46,000 d) $63,000

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 reports common stock of $15,000, additional paid-in capital of $22,000, total liabilities of $18,500, current assets of $16,200, and fixed assets of $48,300. What is the amount of shareholders' equity? a) $15,000 b) $37,000 c) $46,000 d) $63,000
Transcribed Image Text:A company reports common stock of $15,000, additional paid-in capital of $22,000, total liabilities of $18,500, current assets of $16,200, and fixed assets of $48,300. What is the amount of shareholders' equity? a) $15,000 b) $37,000 c) $46,000 d) $63,000
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