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A firm has common stock of $84, paid-in surplus of $200, total liabilities of $380, current assets of $330, and net fixed assets of $540. What is the amount of the shareholders' equity

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jepessoa

Answer:

$490

Explanation:

using the basic accounting equation:

assets = liabilities + stockholders' equity

total assets = $330 + $540 = $870

liabilities = $380

total stockholders' equity = $870 - $380 = $490

shareholders' equity:

  • Common stock $84
  • Additional paid in capital $200
  • Retained earnings $206

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