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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? A) $7,800 B) $16,100 C) $21,100 D) $24,600 E) $39,000

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? A) $7,800 B) $16,100 C) $21,100 D) $24,600 E) $39,000

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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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? A) $7,800 B) $16,100 C) $21,100 D) $24,600 E) $39,000
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? A) $7,800 B) $16,100 C) $21,100 D) $24,600 E) $39,000
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