The value of the company's shareholder's equity account is $14,150
<u>Explanation</u>
We know that:
Current Assets = $6,000
Net Fixed Assets = $25,100
⇒ Total Assets = Current Assets + Non-current assets
Net Fixed Assets is a non-current asset
⇒ Total Assets = Current Assets + Net Fixed Assets
⇒ Total Assets = 6,000 + 25,100
⇒ Total Assets = $31,100
Current Liabilities = $4,950
Long-term debt = $12,000
⇒ Total Liabilities = Current Liabilities + Non-current Liabilities
Long-term debt is a non-current liability
⇒ Total Liabilities = Current Liabilities + Long-term debt
⇒ Total Liabilities = 4,950 + 12,000
⇒ Total Liabilities = $16,950
Now, Shareholder's Equity = Total Assets - Total Liabilities
⇒ Shareholder's Equity = 31,100 - 16,950
⇒ Shareholder's Equity = $14,150
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