If corporation has stockholders If a corporation has stockholders' equityof $67,500 and total liabilities of$48,750, what is the value of its totalassets?

Step 1: Definition of Total AssetsTotal assets represent the resources owned by a corporation.…

Answered: If a corporation has stockholders'…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 21MC: Which of the following measures the portion of a corporations profit allocated to each outstanding...

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Similar questions

The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________. A. always equal to par value B. referred to as retained earnings C. always below its stated value D. referred to as paid-in capital
The balance of the income summary account of a corporation is transferred to which of the following accounts? Capital Stock Cash Premium on Sale of Capital Stock Retained Earnings.
When a corporation issues new ordinary shares, which of the following will increase? I. Total liabilities; II. Total Assets; III. Quick Assets; IV. Net Worth a. I and II b. III and IV c. II,III, and IV d. I,II, III, and IV
How does a stock split affect the balance sheet of a corporation?
What is the equity multiplier if the total assets are $9,878.20 and total shareholder equity is $6,230.20?
If a corporation has 5,000,000 in current assets and 1,000,000 in current liabilities, the corporation is liquid. A. True B. False
Outstanding shares are the a. Number of shares that have been distributed to shareholders b. Total number of shares that can be issued by the corporation at any time c. Number of shares that are owned by shareholders at the balance sheet date d. Number of shares the corporation has repurchased.
Cumulative preferred dividends in arrears should be shown in a corporation's balance sheet as: O A footnote O An increase in current liabilities O An increase in current liabilities for the current portion and long-term liabilities for the long-term portion O An increase in stockholders' equity
All of the following terms can be used for a corporation to describe the difference between assets and liabilities except: Group of answer choices Retained earnings Stockholders’ equity Net book value Net assets
Please see attached image
What does tangible common equity reflect? Suppose that a bank has common stock of par value $200m with retained earnings of $3m and intangible assets of $4m. What will be tangible common equity ratio if total assets are $1000m? Do it correctly with explanation
Treasury shares represent the ______________________ a. Number of previously issued shares that have been repurchased by the corporation. b. Number of shares that are currently held by shareholders c. Number of shares that the corporation sold d. Maximum number of shares that the corporation can sell

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If a corporation has stockholders' equity of $67,500 and total liabilities of $48,750, what is the value of its total assets?