Suppose Hunt Corporation has Accounts receivables of $65,000, Furniture totaling $205,000, and Cash of $52,000. The business has a $109,000 Note payable and owes a bank $81,000 on account. How much is Hunt's stockholders' equity?

Stockholders' equity is $132,000

Explanation:

Assets

Accounts receivables = $65,000

Furniture totaling = $205,000

Cash = $52,000

Total Assets = $322,000

Equity and Liabilities

Equity

Stockholders' equity = $132,000

Liabilities

Note payable = $109,000

bank = $81,000

Total Equity & Liabilities = $322,000

* Equity=Total Assets-Liabilities=$322,000 - ($109,000+$81,000) = $132,000