Suppose Sunshine Florists, Inc., has cash of ($40,000,) receivables of ($30,000,) and furniture and fixtures totaling ($170,000.)
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Suppose Sunshine Florists, Inc., has cash of \($40,000,\) receivables of \($30,000,\) and furniture and fixtures totaling \($170,000.\) Sunshine Florists, Inc., owes \($60,000\) on account and has a \($120,000\) note payable. How much is the stockholders’ equity?
a. \($240,000
b. $120,000\)
C. \($180,000\)
d. $60,000
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