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Zeludia
Zeludia Zeludia
  • 11-01-2017
  • Mathematics
Answered

Atlantis Trading Inc. has the following balances:


ITEMS AMOUNT

$

Fixed Assets 80,000

Currents Assets 7,000

Current Liabilities 3,000

Long-term liabilities 45,000


What will the shareholder’s equity for Atlantis be?


a.) $48,000


b.) $87,000


c.) $39,000


d.) $41,000

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 11-01-2017

Assets-liability=equity
87000-48000=39000

Answer Link

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