Ask Question
14 January, 08:22

Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities of $416,600, and long-term debt of $314,500. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)

+5
Answers (1)
  1. 14 January, 10:19
    0
    Answer: Stockholders equity $254,900

    Explanation: Stockholders' equity is the difference in a company's total assets and total liability. From the above question, total stockholders' equity is calculated thus:

    Current assets = $435,200

    Fixed assets = $550,800

    Total Assets. $986,000

    Current liabilities = $416,600

    Long-term debt = $314,500

    Total liability. $731,100

    Total stockholders equity is Total Assets less Total liability.

    Total Assets. $986,000

    Total liability. ($731,100)

    Stockholders equity $254,900
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers