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Semenov [28]
3 years ago
5

A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed a

ssets of $21,200. What is the amount of the shareholders' equity?
Business
1 answer:
melamori03 [73]3 years ago
7 0

Answer:

$18,700

Explanation:

In this question, we applied the accounting equation which is presented below:

Total assets = Total liabilities + shareholder equity

where,

Total assets = Current assets + fixed assets

                    = $5,900 + $21,200

                    = $27,100

And, the Total liabilities is $8,400

So, the  shareholders' equity would be

= $27,100 - $8,400

= $18,700

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Data provided in the question:

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