Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate the total shareholder equity of ABC company.
The company has provided the following data.
Cash at Bank $50000
Creditor $40000
Inventory $20000
Debtor $50000
Wages payable $10000
Prepaid insurance $5000
Land $200000
Furniture $30000
Long term loan $14000
a.
$291000
b.
$300000
c.
None of the answers given
d.
$315000
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