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TechFlow Solutions has current assets of $7,500, net fixed assets of $35,000, current liabilities of $6,000, and long- term debt of $12,000. What is the value of the shareholders' equity account for this firm?

TechFlow Solutions has current assets of $7,500, net fixed assets of $35,000, current liabilities of $6,000, and long- term debt of $12,000. What is the value of the shareholders' equity account for this firm?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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What is the value of the shareholders' equity account for this firm on these financial accounting question?

TechFlow Solutions has current assets of $7,500, net fixed assets of $35,000, current liabilities of $6,000, and long- term debt of $12,000. What is the value of the shareholders' equity account for this firm?
Transcribed Image Text:TechFlow Solutions has current assets of $7,500, net fixed assets of $35,000, current liabilities of $6,000, and long- term debt of $12,000. What is the value of the shareholders' equity account for this firm?
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