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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

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

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 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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