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A company reports the following: Long-term debt Retained earnings APIC 4,000 1,000 150 Current portion of long term debt 300 Accounts payable 1,200 Short-term notes payable 400 Common stock 500 Accruals 600 Treasury stock 250 a. What is stockholder's equity? b. What are total current liabilities?

A company reports the following: Long-term debt Retained earnings APIC 4,000 1,000 150 Current portion of long term debt 300 Accounts payable 1,200 Short-term notes payable 400 Common stock 500 Accruals 600 Treasury stock 250 a. What is stockholder's equity? b. What are total current liabilities?

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 4MC: Stock subscriptions receivable are listed as __________ on the balance sheet. (a) current...
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A company reports the following: Long-term debt Retained earnings APIC 4,000 1,000 150 Current portion of long term debt 300 Accounts payable 1,200 Short-term notes payable 400 Common stock 500 Accruals 600 Treasury stock 250 a. What is stockholder's equity? b. What are total current liabilities?
Transcribed Image Text:A company reports the following: Long-term debt Retained earnings APIC 4,000 1,000 150 Current portion of long term debt 300 Accounts payable 1,200 Short-term notes payable 400 Common stock 500 Accruals 600 Treasury stock 250 a. What is stockholder's equity? b. What are total current liabilities?
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