Jack and Jill Corporation's Year-End 2018 Balance Sheet Lists Current

question 34

Multiple Choice

Jack and Jill Corporation's year-end 2018 balance sheet lists current assets of $250,000, fixed assets of $800,000, current liabilities of $195,000, and long-term debt of $300,000. What is Jack and Jill's total stockholders' equity?

• A) $495,000
• B) $555,000
• C) $1,050,000
• D) There is not enough information to calculate total stockholders' equity.

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