Vision Inc. has $2.1 million in current assets and $750,000 in fixed assets, with $300,000 in accumulated depreciation. The firm's current liabilities total $320,000, and its long-term liabilities amount to $480,000. What is the firm's equity?

Vision Inc. has $2.1 million in current assets and $750,000 in fixed assets, with $300,000 in accumulated depreciation. The firm's current liabilities total $320,000, and its long-term liabilities amount to $480,000. What is the firm's equity?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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Question

What is the firm's equity on these financial accounting question?

Vision Inc. has $2.1 million in current assets and $750,000
in fixed assets, with $300,000 in accumulated
depreciation. The firm's current liabilities total $320,000,
and its long-term liabilities amount to $480,000.
What is the firm's equity?

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