Question

KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,400.

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

Answer 1

Share holder's equity = $15,450

Step-by-step explanation:

given data

current assets = $4,200

net fixed assets = $23,400

current liabilities = $3,750

long-term debt = $8,400

solution

we get here value of the shareholders equity that is express as

Share holder's equity = (current assets + net fixed assets) - (current liabilities + long term debt) ....................1

put here value we get

Share holder's equity = ( $4,200 + $23,400) - ( $3,750 + $8,400 )

Share holder's equity = $15,450