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26 September, 11:52

KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,400.

What is the value of the shareholders' equity account for this firm?

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  1. 26 September, 15:26
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    Share holder's equity = $15,450

    Explanation:

    given data

    current assets = $4,200

    net fixed assets = $23,400

    current liabilities = $3,750

    long-term debt = $8,400

    solution

    we get here value of the shareholders equity that is express as

    Share holder's equity = (current assets + net fixed assets) - (current liabilities + long term debt) ... 1

    put here value we get

    Share holder's equity = ($4,200 + $23,400) - ($3,750 + $8,400)

    Share holder's equity = $15,450
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