Kensington & Blake Corporation's year-end 2022 balance sheet lists current assets of $320,000, fixed assets of $950,000, current liabilities of $245,000, and long-term debt of $410,000. What is Kensington & Blake's total stockholders' equity?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
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What is the total stockholders equity on these financial accounting question?

Kensington & Blake Corporation's year-end 2022 balance sheet lists
current assets of $320,000, fixed assets of $950,000, current liabilities
of $245,000, and long-term debt of $410,000.
What is Kensington & Blake's total stockholders' equity?
Transcribed Image Text:Kensington & Blake Corporation's year-end 2022 balance sheet lists current assets of $320,000, fixed assets of $950,000, current liabilities of $245,000, and long-term debt of $410,000. What is Kensington & Blake's total stockholders' equity?
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