At the end of the year, Tech Solutions Inc. reported totalassets of $200,000 and total liabilities of $85,000. Whatis the total equity for Tech Solutions Inc. at year-end?A) $285,000B) $115,000C) $85,000D) $200,000

Step 1: Definition of Stockholders' EquityStockholders' equity, also known as shareholders' equity,…

Answered: At the end of the year, Tech Solutions…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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At the end of the year, Tech Solutions Inc. reported total assets of $200,000 and total liabilities of $85,000. What is the total equity for Tech Solutions Inc. at year-end? A) $285,000 B) $115,000 C) $85,000 D) $200,000