Question

Please help me figure out the total of total liabilities and stockholder's equity

Liabilities and Stockholders Equity Current Liabilities Accounts Payable 1000 Income Taxes Payable 100 Total Current Liabilities 1100 Long-Term Liabilities Notes Payable 700 Total Liabilities 1800 Stockholders Equity Common Stock 2000 Retained Earnings 8250 Total Stockholders Equity 10250 Total Liabilities and Stockholders Equity 13150

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Answer #1

Total Liabilities = $1,800
Total Stockholders’ Equity = $10,250

Total Liabilities and Stockholders’ Equity = Total Liabilities + Total Stockholders’ Equity
Total Liabilities and Stockholders’ Equity = $1,800 + $10,250
Total Liabilities and Stockholders’ Equity = $12,050

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