Steeler Company has $71,000 in total assets and $44,000 in total liabilities. What is the amount of its stockholders' equity

Question

asked Mar 21, 2021 66.7k views

1 Answer

Sardorbek Imomaliev · Answer 1 · 2021-03-26T11:11:11+0000

Answer:

the amount of its stockholders' equity is $30,000

Step-by-step explanation:

From The Accounting Equation, we know that :

Assets - Liability = Equity

Therefore,

Equity = $71,000 - $44,000

= $30,000