Solved

Use the Following Information to Determine Total Stockholders' Equity A) $58,000
B) $64,000
C) $55,000
D) $40,000

Question 12

Multiple Choice

Use the following information to determine Total Stockholders' Equity:  Total Assets $85,000 Total Liabilities 21,000 Total Stockholders’ Equity x Total Retained Earnings 9,000\begin{array} { l r } \text { Total Assets } & \$ 85,000 \\\text { Total Liabilities } & 21,000 \\\text { Total Stockholders' Equity } & x \\\text { Total Retained Earnings } & 9,000\end{array}


A) $58,000
B) $64,000
C) $55,000
D) $40,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions