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Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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What is the amount of the shareholders' equity?
![A firm has a common stock of $6,200, paid-
in
surplus of $9,100, total liabilities
of $8,400, current assets of $5,900, and
fixed assets of $21,200. What is the amount
of the shareholders' equity?](https://content.bartleby.com/qna-images/question/48844219-b5f1-426b-a060-4fcaa7e4a850/16822fd9-dd43-44cb-b2a5-ffe087ea2b07/op12gyx_thumbnail.jpeg)
Transcribed Image Text:A firm has a common stock of $6,200, paid-
in
surplus of $9,100, total liabilities
of $8,400, current assets of $5,900, and
fixed assets of $21,200. What is the amount
of the shareholders' equity?
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