
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Transcribed Image Text:The balance sheet of Strauss Corporation contains the following list of
assets:
Cash $8,500,000
Land
-
$4,700,000
Buildings $1,300,000
Other Assets - $200,000.
Strauss's only debt is $2,070,000 to a bank. How much will
stockholder's equity change when Straus borrows $300,000 to
purchase equipment?
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