AracelysC5591 AracelysC5591
  • 20-02-2020
  • Business
contestada

A company reports total assets of $1,740 and total liabilities of $960. What is the amount of stockholders' equity?

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tutordamola
tutordamola tutordamola
  • 21-02-2020

Answer:

The answer is $780

Explanation:

Stockholders' equity is a residual interest in a business that belongs to its owners. Equity is also someyimes referred to as net asset of the business. Equity shows the amount the business owes to its owner or owners.

It is calculated as Asset minus liability(Asset - liability).

Asset = $1740

Liability= $960

Therefore, shareholders equity is

$1740 - $960

=$780

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