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H Company provided the following information at the end of 2016: Amount (in million) Common stock $50 Paid-in surplus $245 Total liabilities $421 Current assets $290 Fixed assets $450 What is the amount of the shareholders' equity? $295 million $319 million $640 million $421 million 13

H Company provided the following information at the end of 2016: Amount (in million) Common stock $50 Paid-in surplus $245 Total liabilities $421 Current assets $290 Fixed assets $450 What is the amount of the shareholders' equity? $295 million $319 million $640 million $421 million 13

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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H Company provided the following information at the end of 2016: Amount (in million) Common stock $50 Paid-in surplus $245 Total liabilities $421 Current assets $290 Fixed assets $450 What is the amount of the shareholders' equity? $295 million $319 million $640 million $421 million 13
Transcribed Image Text:H Company provided the following information at the end of 2016: Amount (in million) Common stock $50 Paid-in surplus $245 Total liabilities $421 Current assets $290 Fixed assets $450 What is the amount of the shareholders' equity? $295 million $319 million $640 million $421 million 13
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