Current liabilities are $15,000, long- term liabilities are $35,000, common stock is $60,000, and retained earnings total $90,000. 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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I am looking for help with this financial accounting question using proper accounting standards.

Current liabilities are $15,000, long-
term liabilities are $35,000, common
stock is $60,000, and retained
earnings total $90,000. How much is
total stockholders' equity?
Transcribed Image Text:Current liabilities are $15,000, long- term liabilities are $35,000, common stock is $60,000, and retained earnings total $90,000. How much is total stockholders' equity?
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