Multiple Choice
Cantrell Industries spent $386,000 to purchase equipment three years ago. This equipment is currently valued at $276,000 on today's statement of financial position but could be sold for $298,000. Net working capital is $56,000 and long-term debt is $171,000. What is the book value of shareholders' equity?
A) $49,000
B) $71,000
C) $105,000
D) $161,000
E) $183,000
Correct Answer:
Verified
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