What would shareholders' equity be as of December 31,2017?
A)Amount is not shown.
B)$5,760,000.
C)$5,820,000.
D)$6,760,000.

Name: What would shareholders' equity be as of December 31,2017? A)Amount is not shown. B)$5,760,000. C)$5,820,000. D)$6,760,000.
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Quizplus · Accepted Answer

Shareholders' equity is equal to total assets minus total liabilities. As of December 31, 2017, total assets are $6,760,000 and total liabilities are $940,000. Therefore, shareholders' equity is $6,760,000 - $940,000 = $5,820,000.

What Would Shareholders' Equity Be as of December 31,2017