Nicole Corporation's year-end 2009 balance sheet lists current assets of $757,000, fixed assets of $607,000, current liabilities of $538,000, and long-term debt of $693,000. What is Nicole's total stockholders' equity? a. $133,000 b. $1,231,000 c. $1,364,000 d. There is not enough information to calculate the total stockholder's 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
Problem 23MCQ
icon
Related questions
Question

None

Nicole Corporation's year-end 2009 balance sheet lists
current assets of $757,000, fixed assets of $607,000, current
liabilities of $538,000, and long-term debt of $693,000. What
is Nicole's total stockholders' equity?
a. $133,000
b. $1,231,000
c. $1,364,000
d. There is not enough information to calculate the total
stockholder's equity.
Transcribed Image Text:Nicole Corporation's year-end 2009 balance sheet lists current assets of $757,000, fixed assets of $607,000, current liabilities of $538,000, and long-term debt of $693,000. What is Nicole's total stockholders' equity? a. $133,000 b. $1,231,000 c. $1,364,000 d. There is not enough information to calculate the total stockholder's equity.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning