Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Grey wolf has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long term debt of 40. What is the value of the shareholder equity account for this firm?

Sagot :

The value of shareholders' equity is $5,690.

Total assets = Current assets + Net fixed assets

Total assets = $2,090 + $9,830

Total assets = $11,920

The value of shareholders' equity is $5,690.

Total liabilities = Current liabilities + Long-term debt

Total liabilities = $1,710 + $4,520

Total liabilities = $6,230

Value of shareholders' equity = Total assets - Total liabilities

Value of shareholders' equity = $11,920 - $6,230

Value of shareholders' equity = $5,690.

Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. The equity of the shareholders is calculated using this formula as the difference between total assets and total liabilities.

To learn shareholders, click here.

https://brainly.com/question/19054394

#SPJ4

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.