If Ballard Company reported assets of $500 and liabilities of $200,Ballard's stockholders' equity totaled
A)$300.
B)$500.
C)$700.
D)Can not be determined.

Question

Quizplus · Accepted Answer

According to the accounting equation, 
Assets = Liabilities + Stockholders' Equity
Thus, 
Stockholders' Equity = Assets - Liabilities

In this case, 
Stockholders' Equity = $500 - $200 = $300. 
Therefore, the correct choice is (A) $300.

If Ballard Company Reported Assets of $500 and Liabilities of $200,Ballard's