Answered: Dynasty Company has current assets of…

Dynasty Company has current assets of $50,000 and long-term assets of $45,000. Its totalliabilities equal $35,000. Stockholders’ equity is:a. $95,000.b. $60,000.c. $130,000.d. $80,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

Dynasty Company has current assets of $50,000 and long-term assets of $45,000. Its total
liabilities equal $35,000. Stockholders’ equity is:
a. $95,000.
b. $60,000.
c. $130,000.
d. $80,000.

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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