On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:
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Question:
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:
Cash $31,050;
Supplies, $690;
Equipment, $10,800;
Accounts Payable, $9,500.
What is the amount of stockholders’ equity as of August 31 of the current year?
$32,350.
$31,660.
$33,040.
$10,060.
$11,440.
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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