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Zolol [24]
4 years ago
12

The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,3

00,000; and Other Assets, $200,000. Bravo' only debt is $2,070,000 owed to a bank. What is Bravo' stockholders' equity?
Business
1 answer:
spayn [35]4 years ago
6 0

Answer:

12,630,000

Explanation:

The debt is 2,070,000 not 200,000.

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goldfiish [28.3K]

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Let's illustrate with an example

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