Mountain View Software reports total liabilities of $5,600 and stockholders' equity of $4,200. What is the amount of total assets?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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Mountain View Software reports total liabilities of $5,600
and stockholders' equity of $4,200. What is the amount of
total assets?
Transcribed Image Text:Mountain View Software reports total liabilities of $5,600 and stockholders' equity of $4,200. What is the amount of total assets?
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