A Company Has the Following Balance Sheet Items: Current Liabilities

question 56

Multiple Choice

A company has the following balance sheet items: Current liabilities = $1,200, Cash = $750, Fixed assets = $2,380, Long-term debt = $1,850, Accounts receivable = $450. What is shareholder's equity for the company?

• A) $940
• B) $620
• C) $530
• D) $750
• E) $460

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