Ask Question
24 August, 22:10

KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,400.

What is the value of the shareholders' equity account for this firm?

+4
Answers (1)
  1. 24 August, 22:35
    0
    Share holder's equity = $15,450

    Explanation:

    given data

    current assets = $4,200

    net fixed assets = $23,400

    current liabilities = $3,750

    long-term debt = $8,400

    solution

    we get here value of the shareholders equity that is express as

    Share holder's equity = (current assets + net fixed assets) - (current liabilities + long term debt) ... 1

    put here value we get

    Share holder's equity = ($4,200 + $23,400) - ($3,750 + $8,400)

    Share holder's equity = $15,450
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,400. What is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers