A company's balance sheet shows total assets of $450,991, total current liabilities of $47,342, and total long-term liabilities of 150,509.Its total stockholder equity must be
A.$197,851
B. $253,140
C. $300,482
D. $450,991
Add the current and long-term liabilities. Subtract them from the assets.
Ms.Sue
Thank you so much that is what I had down for my answer,but someone else was telling me I was wrong.
You're welcome.
To find the total stockholder equity, we need to subtract the sum of total current liabilities and total long-term liabilities from total assets.
Total Stockholder Equity = Total Assets - (Total Current Liabilities + Total Long-term Liabilities)
Given:
Total Assets = $450,991
Total Current Liabilities = $47,342
Total Long-term Liabilities = $150,509
Using the above formula, we can calculate:
Total Stockholder Equity = $450,991 - ($47,342 + $150,509)
Total Stockholder Equity = $450,991 - $197,851
Total Stockholder Equity = $253,140
Therefore, the total stockholder equity is $253,140.
The answer is B. $253,140