Question

A firm has common stock of $97, paid-in surplus of $340, total liabilities of $445, current assets of $460, and net fixed assets of $670. What is the amount of the shareholders' equity?

Answer 1

Shareholders Equity = $685

Step-by-step explanation:

Net Fixed assets $670

Add: Current assets $460

Total assets $1,130

Less: Total liability $445

Shareholders Equity $685