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?

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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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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