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How do I find the "Total Assets" and "Total liabilities and stockholder's equity"?
How do I find the "Total Assets" and "Total liabilities and stockholder's equity"?
BALANCE SHEET
Assets
Cash 15,000
Acct Rec 24,000
Supplies 31,000
Prepaid Insur 6,000
TOTAL curr assets: 76,000
TOTAL ASSETS ????
Equip 500,000
Accum. Depr. (160,000)
Liabilities
Acct Payable 30,000
Sal Payable 27,000
Utilies payable 4,000
Total Current Liablities 61,000
Notes Payable 100,000
StockHolder's Equity
COmmon stock 150,000
Remained Earnings 105,000
Total StockHolder's Equity 255,000
Total liabilites and stock holder's equity ???
2 Answers
- Don GLv 79 years agoFavorite Answer
Current Assets + Net Fixed Assets = Total Assets, or
76,000 + 340,000 = 416,000
Current Liabilities + LTD = Total Liabilities, or
61,000 + 100,000 = 161,000
Total Liabilities + Equity = 161,000 + 255,000 = 416,000
- DeAnneLv 79 years ago
Look them up online. If info isn't there, ask them for a stockholder's report.
If you don't have any stock, buy 1 share.
