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21 September, 10:01

Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000.

a. What is the value of the shareholders' eq

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  1. 21 September, 12:00
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    Total assets = Current assets + Fixed Assets

    Total assets = 6000+25100

    Total assets = 31,100

    Total liabilities = Current liabilities + Long term debt

    Total liabilities = 4950+12000

    Total liabilities = 16,950

    According to accounting equation, stockholder's equity = Total assets - total liabilities

    Stockholder's equity = 31,100-16,950 = 14,150

    Value of Stockholder's equity = $14,150
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