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16-10-2020
Business

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Steeler Company has $71,000 in total assets and $44,000 in total liabilities. What is the amount of its stockholders' equity

Respuesta :

16-10-2020

Answer:

the amount of its stockholders' equity is $30,000

Explanation:

From The Accounting Equation, we know that :

Assets - Liability = Equity

Therefore,

Equity = $71,000 - $44,000

= $30,000

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