Please provide correct solution and accounting question The balance sheet of Riverside Corporation at March 31 showed assets of$125,000 and liabilities of $45,000. What was the shareholders' equity atMarch 31?a. $80,000b. $170,000c. $45,000d. $125,000

Step 1: Definition of Shareholders' EquityShareholders' Equity, also known as stockholders' equity…

Answered: The balance sheet of Riverside…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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The balance sheet of Riverside Corporation at March 31 showed assets of $125,000 and liabilities of $45,000. What was the shareholders' equity at March 31? a. $80,000 b. $170,000 c. $45,000 d. $125,000