What ($ in 000s) was shareholders' equity as of December 31, 2010?
A)$38,100.
B)$37,450.
C)$38,450.
D)$38,350.

Name: What ($ in 000s) was shareholders' equity as of December 31, 2010? A)$38,100. B)$37,450. C)$38,450. D)$38,350.
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Question

Quizplus · Accepted Answer

Shareholders' equity can be determined by subtracting total liabilities from total assets. From the balance sheet, we can see that total assets were $107,650 and total liabilities were $69,200. Therefore, shareholders' equity was $107,650 - $69,200 = $38,450.

What ($ in 000s) Was Shareholders' Equity as of December