On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,536; Accounts Receivable, $8,450; Supplies, $1,962; Land, $24,264; Accounts Payable, $5,819. What is the amount of stockholders' equity as of July 1 of the current year?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.