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Brighton Systems has: • Common Stock = $8,000 . Paid-in Surplus = $12,500 • Total Liabilities = $14,400 . Current Assets $9,200 = Fixed Assets = $25,300 What is the amount of the shareholders' equity?

Brighton Systems has: • Common Stock = $8,000 . Paid-in Surplus = $12,500 • Total Liabilities = $14,400 . Current Assets $9,200 = Fixed Assets = $25,300 What is the amount of the shareholders' equity?

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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Brighton Systems has: • Common Stock = $8,000 . Paid-in Surplus = $12,500 • Total Liabilities = $14,400 . Current Assets $9,200 = Fixed Assets = $25,300 What is the amount of the shareholders' equity?
Transcribed Image Text:Brighton Systems has: • Common Stock = $8,000 . Paid-in Surplus = $12,500 • Total Liabilities = $14,400 . Current Assets $9,200 = Fixed Assets = $25,300 What is the amount of the shareholders' equity?
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