Use the Following Information for Meeker Corp A)$530,000

question 187

Multiple Choice

Use the following information for Meeker Corp. to determine the amount of equity to report. $\begin{array}{lr}\text { Cash } & \$ 70,000 \\\text { Buildings } & 125,000 \\\text { Land } & 205,000 \\\text { Liabilities } & 130,000\end{array}$

• A)$530,000.
• B)$140,000.
• C)$20,000.
• D)$270,000.
• E)$390,000.