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15 March, 10:57

The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Bravo' only debt is $2,070,000 owed to a bank. What is Bravo' stockholders' equity?

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  1. 15 March, 14:15
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    12,630,000

    Explanation:

    The debt is 2,070,000 not 200,000.
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