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You Know the Following Information About the Webb State Bank

Question 97

Multiple Choice

You know the following information about the Webb State Bank:  Accumulated depreciation $40 Net loans 600 Fed Funds purchased and repurchase agreements 200 Cash and due from banks 50 Trading account securities 40 Miscellaneous assets 100 Deposits 500 Undivided profits 140 Gross premises 90 Surplus 40 Subordinated debt 100 Investment securities 160 Common stock par 20 Gross loans 700\begin{array} { l r } \text { Accumulated depreciation } & \$ 40 \\\text { Net loans } & 600 \\\text { Fed Funds purchased and repurchase agreements } & 200 \\\text { Cash and due from banks } & 50 \\\text { Trading account securities } & 40 \\\text { Miscellaneous assets } & 100 \\\text { Deposits } & 500 \\\text { Undivided profits } & 140 \\\text { Gross premises } & 90 \\\text { Surplus } & 40 \\\text { Subordinated debt } & 100 \\\text { Investment securities } & 160 \\\text { Common stock par } & 20 \\\text { Gross loans } & 700\end{array}
Given this information,what is the value of this firm's total equity?


A) $1,000
B) $300
C) $800
D) $200
E) $500

Correct Answer:

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