Falcon Enterprises has the following financial information: -Total current assets: $900,000 -Total current liabilities: $500,000 -Long-term assets: $350,000 -Long-term debt: $250,000 How much is Falcon Enterprises' total equity?
Falcon Enterprises has the following financial information: -Total current assets: $900,000 -Total current liabilities: $500,000 -Long-term assets: $350,000 -Long-term debt: $250,000 How much is Falcon Enterprises' total equity?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Provide correct answer this general accounting question
Transcribed Image Text:Falcon Enterprises has the following financial information:
-Total current assets: $900,000
-Total current liabilities: $500,000
-Long-term assets: $350,000
-Long-term debt: $250,000
How much is Falcon Enterprises' total equity?
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