use the following information to construct a balance sheet: current assets $1,000; current liabilities $850; fixed assets $4,500; long term debt $1,000. what is the value of equity

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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use the following information to construct a balance sheet:

current assets $1,000; current liabilities $850; fixed assets $4,500; long term debt $1,000.

what is the value of equity

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