Problem 3.20 Reservoir Bottling Company reported the following information at th

Question

Problem 3.20 Reservoir Bottling Company reported the following information at the end of the year. Total current assets are worth $2 a market value of $343,222 and a book value of $375,000. The company's total current iabilities are valued at market for $134 of long-term debt are $144,000. If 7,513 at book value and $203,000 at market value. In addition, plant and equipment have ,889, and have a book value of $129,175. Both the book value and the market valu the company's total assets have a market value of $546,222 and a bock value of $612,513, what is the difference between the book value and market value of its stockholders eauity? (Enter negative amounts using erther a negative sign preceding the number e.g. 4s or parentheses e.g. (45)) Change in value of equity Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Total Assets=TotalLiabilities+Stockholders Equity Shareholders Equity =Total Assets -Total Liabilities Book Value Market value A Total current assets $237,513 $203,000 B Plant andEquipment $375,000 $343,222 C=A+B TotalAssets $612,513 $546,222 D Total Current Liabilities $129,175 $134,889 E Long Term Debt $144,000 $144,000 F=D+E Total Liabilities $273,175 $278,889 G=C-F StockholdersEquity $339,338 $267,333 Changein Equity $72,005 (339338-267333)

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