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Arredondo, Inc., has current assets of $2,076, net fixed assets of $10,157, current liabilities of $684, and long-term debt of $1,753.

 

Arredondo, Inc., has current assets of $2,076, net fixed assets of $10,157, current liabilities of $684, and long-term debt of $1,753. What is the value of the shareholders’ equity account for this firm?

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Expert Solution

Calculation of value of shareholder's equity

particulars        Amount        particulars                 Amount

Current asset      2076         Current liabilities            684

net fixed asset   10157      long term debt                1753   

                                          Share holder's equity       9796

Total                 12233         Total                              12233

 

Share holder's equity=Total assets-total liabilities

here,

total assets=current asset+net fixed assets

= 2076 + 10157

= 12233

 

Total liabilities = current liabilities + long term debt

= 684 + 1753

= 2437

Shareholder's equity = 12233 - 2437

= 9796

Shareholder's equity = $9796

Shareholder's equity = $9796

Junaid answered 2 years ago
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