Q1. If total assets are $120,00 and total liabilities are $112,000, the amount of stockholder’s equity is:  A. $32,000  B. $(32,000)  C. $8,000  D. $(8,000)

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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Q1. If total assets are $120,00 and total liabilities are $112,000, the amount of stockholder’s equity is: 

A. $32,000 

B. $(32,000) 

C. $8,000 

D. $(8,000) 

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