Martha's Enterprises spent €2,400 to purchase equipment three years ago.This equipment is currently valued at €1,800 on today's statement of financial position but could actually be sold for €2,000.Net working capital is €200 and non-current liabilities is €800.Assuming the equipment is the firm's only non-current asset,what is the book value of shareholders' equity?
A) €200
B) €800
C) €1,200
D) €1,400
E) The answer cannot be determined from the information provided.
Correct Answer:
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