Use the following information to answer:
Competitive Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and expenses on December 31, 2019, the end of its first year of operations.

-The stockholders' equity for Competitive Landscaping on December 31, 2019 is:

Question

Use the following information to answer:
Competitive Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and expenses on December 31, 2019, the end of its first year of operations.
 
-The stockholders' equity for Competitive Landscaping on December 31, 2019 is:

Quizplus · Accepted Answer

Stockholder's equity = Assets - Liabilities
[($35,200 + $17,000 + $12,600) - ($5,000 + $16,400)] = ($64,800 - $21,400 = $43,400)

Use the Following Information to Answer