Solved

Marvin Services Corporation Had the Following Accounts and Balances If Total Stockholder's Equity Was $57,000, What Would Be the

Question 137

Multiple Choice

Marvin Services Corporation had the following accounts and balances:  Accounts payable $18,000 Equipment $21,000 Accounts receivable 3,000 Land 21,000 Buildings ? Unearned service revenue 6,000 Cash 9,000 Total stockholders’ equity ?\begin{array} { l r l r } \text { Accounts payable } & \$ 18,000 & \text { Equipment } & \$ 21,000 \\\text { Accounts receivable } & 3,000 & \text { Land } & 21,000 \\\text { Buildings } & ? & \text { Unearned service revenue } & 6,000 \\\text { Cash } & 9,000 & \text { Total stockholders' equity } & ?\end{array} If total stockholder's equity was $57,000, what would be the balance of the Buildings Account?


A) $21,000
B) $81,000
C) $87,000
D) $27,000

Correct Answer:

verifed

Verified

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

Related Questions