Question
A company's balance sheet shows total assets of $450,991, total current liabilities of $47,342, and total long-term liabilities of 150,509.Its total stockholder equity must be
A.$197,851
B. $253,140
C. $300,482
D. $450,991
A.$197,851
B. $253,140
C. $300,482
D. $450,991
Answers
Ms. Sue
Add the current and long-term liabilities. Subtract them from the assets.
Ms.Sue
Thank you so much that is what I had down for my answer,but someone else was telling me I was wrong.
Thank you so much that is what I had down for my answer,but someone else was telling me I was wrong.
Ms. Sue
You're welcome.
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