A Firm Has Common Stock of $6,200, Paid-In Surplus of $9,100

question 2

Multiple Choice

A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200. What is the amount of the shareholders' equity?

• A) $6,900
• B) $15,300
• C) $18,700
• D) $23,700
• E) $35,500

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Definitions:

Pitch

The quality of sound governed by the rate of vibrations producing it; the highness or lowness of a tone.

Frequency

In the context of waves, it is the number of waves that pass a fixed point per second; in general use, it refers to how often something occurs.

Intensity

The degree of strength, force, energy, or feeling in a given situation, often used in various physical and emotional contexts.

Sound Waves

Sounds that move through air or different mediums and become audible when they arrive at an individual's or animal's ear.