Pion Inc Reported Current Assets of $80 and Fixed Assets of of $150

question 16

Short Answer

Pion Inc. reported current assets of $80 and fixed assets of $150 as of December 31. The company, as of December 31, also reports current liabilities of $72 and long-term liabilities of $149. Calculate Pion's shareholder's equity.

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Definitions:

Bolt Of Fabric

A large roll of cloth or fabric that is typically measured in yards or meters, used in manufacturing and sewing industries.

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage markup to a product's cost.

Target Profit Pricing

Setting an annual target of a specific dollar volume of profit.

Target Profit Pricing

A pricing strategy where the selling price is determined by adding a desired profit to the cost of the product.