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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?
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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?

User AwokeKnowing
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1 Answer

3 votes

Answer:

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

User TechDog
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