At year-end 2018, Jordan Company's statement of financial position showed current assets = $800, fixed assets = $1,500, intangible assets = $300, current liabilities = $600, and long-term liabilities = $1,400. What is the value of the shareholders' equity account?

Question

Quizplus · Accepted Answer

The Answer of At year-end 2018, Jordan Company's statement of financial position showed current assets = $800, fixed assets = $1,500, intangible assets = $300, current liabilities = $600, and long-term liabilities = $1,400. What is the value of the shareholders' equity account?

At Year-End 2018, Jordan Company's Statement of Financial Position Showed