Hodges, Inc. had the following assets and liabilities as of September 30, 2013: $$\begin{array} { l l }
566,327 & \text { Asset } \
528,416 & \text { Iiabilities }
\end{array}$$ What is the stockholders' equity of Hodges as of September 30, 2013?
A) $0
B) $27,911
C) $84,743
D) Cannot be determined with this information

Question

Hodges, Inc. had the following assets and liabilities as of September 30, 2013: $$\begin{array} { l l } 
566,327 & \text { Asset } \
528,416 & \text { Iiabilities }
\end{array}$$ What is the stockholders' equity of Hodges as of September 30, 2013?
A) $0
B) $27,911
C) $84,743
D) Cannot be determined with this information

Quizplus · Accepted Answer

Stockholders' equity is calculated as Assets minus Liabilities. Therefore, $566,327 (Assets) - $528,416 (Liabilities) = $37,911.

Hodges, Inc 566,327 Asset 528,416 Iiabilities \begin{array} { l l } 566,327 & \text { Asset } \\528,416 & \text { Iiabilities }\end{array}566,327528,416​ Asset Iiabilities ​

Hodges, Inc $\begin{array} { l l } 566,327 & \text { Asset } \\528,416 & \text { Iiabilities }\end{array}$