The Stockholders’ equity as of October 31, 20Y2 is: $546,270.
<h3>Stockholders’ equity </h3>
Using this formula
Stockholders’ equity =Assets - Liabilities
Where:
Assets= $798,640
Liabilities= $252,370
Let plug in the formula
Stockholders’ equity =$798,640-$252,370
Stockholders’ equity =$546,270
Therefore the Stockholders’ equity as of October 31, 20Y2 is: $546,270
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The complete question is:
captivating inc. is a motivational consulting business. at the end of its accounting period, may 31, 20y2, captivating inc. has assets of $798,640 and liabilities of $252,370. using the accounting equation and considering each case independently, determine the:
Stockholders’ equity as of October 31, 20Y2.
