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Based on the Following Information, Calculate Stockholders Equity

Question 46

Essay

Based on the following information, calculate stockholders equity:
cash = $5.00
accounts payable = $12.00
other current liabilities = $65.00
accounts receivable = $20.00
inventory = $50.00
net fixed assets = $175.00
long-term debt = $40.00

Correct Answer:

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($5 + $20 + $50 + $1...

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