Homework Answers
Shareholder's Equity = Total Assets - Total Liabilities
= Cash + Marketable Securities + Accounts Receivables + Inventories + Prepaid Taxes and Insurance + Net Fixed Assets + Goodwill - Notes Payable
= 150000 + 200000 + 150000 + 50000 + 30000 + 500000 + 20000 - 50000
= $10,50,000
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TABLE P2.1 Balance Sheet Statement as of December 31, 2000 Assets: Cash $ 150,000 Marketable securities...
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