On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:
Fantastic news! We've Found the answer you've been seeking!
Question:
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $30,000; Supplies, $600; Equipment, $10,000; Accounts Payable, $8,500. What is the amount of stockholders' equity as of August 31 of the current year?
A. $10,900
B. $30,900
C. $32,100
D. $12,100
E. $49,100
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Posted Date: