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

question 205

Multiple Choice

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

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

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