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2 years ago

Ballard Company reported assets of $500 and liabilities of $200. What amount will Ballard's report for stockholders' equity?

Business

1 answer:

Westkost [7]2 years ago

7 0

Answer:

$300

Explanation:

Data provided in the question

Assets reported = $500

Liabilities = $200

So, Stockholder equity is

= Total assets - total liabilities

= $500 - $200

= $300

By applying the accounting equation, that equal to

Total assets = Total liabilities + owners equity

We can find out the stockholder equity by deducting the total liabilities from the total assets

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2 years ago

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