A firm has common stock of $7,500, paid-in surplus of $10,300, total liabilities of $9,200, current assets of $6,800, and fixed assets of $23,500. What is the amount of the shareholders' equity?

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 10BE
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What is the amount of the shareholders' equity?

A firm has common stock of $7,500, paid-in surplus
of $10,300, total liabilities of $9,200, current assets
of $6,800, and fixed assets of $23,500. What is the
amount of the shareholders' equity?
Transcribed Image Text:A firm has common stock of $7,500, paid-in surplus of $10,300, total liabilities of $9,200, current assets of $6,800, and fixed assets of $23,500. What is the amount of the shareholders' equity?
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