Question

Blue Spruce Corp. had the following accounts and balances: Accounts payable Accounts receivable Buildings $30100 Equipment 51
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Answer #1

Total assets = 5100+69200+14550+35800+35900-4900 = 155650

Total liabilities = 30100-4900+9600 = 34800

Total Stockholder's equity = 155650-34800 = 120850

So answer is c) $120850

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