Four Years Ago, Ship Express Purchased a Mailing Machine at a Cost

question 51

Multiple Choice

Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,400 on today's balance sheet but could actually be sold for $92,900. This is the only fixed asset the firm owns. Net working capital is $41,300 and long-term debt is $102,800. What is the book value of shareholders' equity?

• A) $31,400
• B) $47,700
• C) $35,900
• D) $249,400
• E) $253,900

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Alexithymia

A personality characteristic in which an individuals has difficulty identifying and describing subjective feelings, difficulty distinguishing between feelings and bodily sensations of emotional arousal, constricted imaginal capacities, and an externally oriented cognitive style.

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