Question: Please need help stuck on problem cash and Cash Equiv. $29 Accounts Payable ### Accounts Receivable 50 Short Term Debt 10 Inventory 30 Other Current

Please need help stuck on problem

cash and Cash Equiv. $29 Accounts Payable ###
Accounts Receivable 50 Short Term Debt 10
Inventory 30 Other Current Liabilities 30
Other Current Assets 50 Total Current Liabilities $59
Total Current Assets ### Long Term Debt 15
Long Term Investments 5 Other Long Term Liabilities 10
Plant, Property & Equip. $37 Total Liabilities ###
Intangible and Other Assets 15
Total Long Term Assets ### Retained Earnings 60
Capital Surplus ###
Total Shareholder Equity ###
Total Assets ### Total Liabilities & SH Equity

Total lib=84

total assests= 216

What is the balance for Total Liabilities and Shareholder Equity?

I thought it was 216-84=132 but says its wrong.

and then what would capital surplus be?

Total Liabilities and Shareholder Equity - retained earnings?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!