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Company A has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. What is the value of the shareholders’ equity account for this firm? (
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Company A has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. What is the value of the shareholders’ equity account for this firm? (

User Lily Mara
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1 Answer

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Answer:

What is the value of the shareholders’ equity account for this firm?

14150

Step-by-step explanation:

Current Assets 6000

Net fixed assets 25100

Assets 31100

Current Liabilities 4950

Long term debt 12000

16950

ASSET-LIBILITIES=EQUITY

31100-16950=EQUITY

EQUITY=14150

User Deepak Gehlot
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