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14 May, 20:31

A company reports total assets of $1,740 and total liabilities of $960. What is the amount of stockholders' equity?

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  1. 14 May, 20:48
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    The answer is $780

    Explanation:

    Stockholders' equity is a residual interest in a business that belongs to its owners. Equity is also someyimes referred to as net asset of the business. Equity shows the amount the business owes to its owner or owners.

    It is calculated as Asset minus liability (Asset - liability).

    Asset = $1740

    Liability = $960

    Therefore, shareholders equity is

    $1740 - $960

    =$780
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