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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
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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What is the amount of shareholders equity on these 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?
Transcribed Image Text: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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