Answered: Current liabilities are $10,000,…

Current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings total $70,000. How much is total stockholders' equity?

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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100%

How much is total stockholder's equity for this accounting question?

Current liabilities are $10,000, long-term
liabilities are $20,000, common stock is $50,000,
and retained earnings total $70,000. How much
is total stockholders' equity?

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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