Blackwood Industries has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,600, current assets of $6,400, and fixed assets of $23,500. What is the amount of shareholders' equity?

Blackwood Industries has a common stock of $7,500, paid-in surplus of $10,800, total liabilities of $9,600, current assets of $6,400, and fixed assets of $23,500. What is the amount of shareholders' equity?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Please give me true answer this financial accounting question

Blackwood Industries has a common stock of $7,500, paid-in
surplus of $10,800, total liabilities of $9,600, current assets of
$6,400, and fixed assets of $23,500. What is the amount of
shareholders' equity?

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