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If total assets = 200 and the company has long term debt = 30 and short term debt = 50, what is the shareholders equity?O 30 O 50 O 80 O 120
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If total assets = 200 and the company has long term debt = 30 and short term debt = 50, what is the shareholders equity?O 30 O 50 O 80 O 120

User Penkzhou
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1 Answer

7 votes

Answer:

The shareholders equity is 120

Step-by-step explanation:

Basing on accounting equation:

Total asset = Liabilities + Shareholders equity

Therefore:

Shareholders equity = Total asset - Liabilities = Total asset - (Short term debt + Long term debt)

The company has total assets of 200, long term debt of 30 and short term debt of 50.

Shareholders equity = 200 - (50 + 30) = 200 - 80 = 120

User Polentino
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