Upstart Solutions has cash of $25,000, inventory of $50,000, land valued at $100,000, mortgage payable of $90.000, and accounts payable of $5.000. What is the amount of its stockholders' equity? Multiple Choice $270,000 S80.000 S175.000 $95,000 $90.000

Upstart Solutions has cash of $25,000, inventory of $50,000, land valued at $100,000, mortgage payable of $90.000, and accounts payable of $5.000. What is the amount of its stockholders' equity? Multiple Choice $270,000 S80.000 S175.000 $95,000 $90.000

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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Question

Upstart Solutions has cash of $25,000, Inventory of $50,000, land valued at $100,000, mortgage payable of $90,000, and accounts payable of $5,000,
What is the amount of its stockholders' equity?
Multiple Choice
$270,000
$80,000
S175,000
$95,000
$90.000

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