A company reports the following information: Common Stock: $7,800 Paid-in Surplus: $10,200 Total Liabilities: $11,400 Current Assets: $8,500 ⚫ ⚫ Fixed Assets: $25,600 What is the amount of the shareholders' equity? A) $10,300 B) $13,600 C) $22,700 D) $34,100 E) $36,800

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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what is the amount of the shareholders equity ?

A company reports the following information:
Common Stock: $7,800
Paid-in Surplus: $10,200
Total Liabilities: $11,400
Current Assets: $8,500
⚫
⚫ Fixed Assets: $25,600
What is the amount of the shareholders' equity?
A) $10,300
B) $13,600
C) $22,700
D) $34,100
E) $36,800
Transcribed Image Text:A company reports the following information: Common Stock: $7,800 Paid-in Surplus: $10,200 Total Liabilities: $11,400 Current Assets: $8,500 ⚫ ⚫ Fixed Assets: $25,600 What is the amount of the shareholders' equity? A) $10,300 B) $13,600 C) $22,700 D) $34,100 E) $36,800
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