https//online.bryan.edu/mod/quiz/attempt.php attempt 149193age ionS 3 Question 1

Question

https//online.bryan.edu/mod/quiz/attempt.php attempt 149193age ionS 3 Question 17 Not yet answered Marked out of a agquestion Pizza Store reported total assets at December 31 totaling $102,000. The following selected amounts were taken from Pizza Store's financial statements for its year ending December 3 Retained earnings Accounts receivable Notes payable How much is the company's total shareholders' equity at December 31? 140,000 30.000 35,000 $56,000 Sales 7,000 Common stock 16,000 Net income Select one: a. 76,000 b. 20,000 ?. 86,000 d. 111,000 pe here to search

Explanation / Answer

Total stockholder's equity = Common stock+retained earnings

= 30000+56000

Total shareholder's equity = 86000

so answer is c) $86,000

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