Nicole Corporation's year-end 2019 balance sheet lists current assets of $826,000, fixed assets of $604,000, current liabilities of $566,000, and long- term debt of $675,000. What is Nicole's total stockholders' equity?

Nicole Corporation's year-end 2019 balance sheet lists current assets of $826,000, fixed assets of $604,000, current liabilities of $566,000, and long- term debt of $675,000. What is Nicole's total stockholders' equity?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 14P: Gray Company lists the following shareholders equity items on its December 31, 2018, balance sheet:...

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Question

Total stockholders's equity

Nicole Corporation's year-end 2019
balance sheet lists current assets of
$826,000, fixed assets of $604,000,
current liabilities of $566,000, and long-
term debt of $675,000. What is Nicole's
total stockholders' equity?

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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