Silver line Corporation reports the following balances: Account Long-term debt Amount ($) 5,500 Retained earnings 1,800 Additional Paid-in Capital (APIC) 250 Current portion of long-term debt 400 Accounts payable 1,500 Short-term notes payable 600 Common stock 800 Accrued expenses (Accruals) 700 300 Treasury stock a) What is stockholder's equity? b) What are total current liabilities?
Silver line Corporation reports the following balances: Account Long-term debt Amount ($) 5,500 Retained earnings 1,800 Additional Paid-in Capital (APIC) 250 Current portion of long-term debt 400 Accounts payable 1,500 Short-term notes payable 600 Common stock 800 Accrued expenses (Accruals) 700 300 Treasury stock a) What is stockholder's equity? b) What are total current liabilities?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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General Accounting
Transcribed Image Text:Silver line Corporation reports the following balances:
Account
Long-term debt
Amount ($)
5,500
Retained earnings
1,800
Additional Paid-in Capital (APIC)
250
Current portion of long-term debt
400
Accounts payable
1,500
Short-term notes payable
600
Common stock
800
Accrued expenses (Accruals)
700
300
Treasury stock
a) What is stockholder's equity?
b) What are total current liabilities?
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