On January 31, an entity's balance sheet showed total assets of $2,250 and liabilities of $750.Stockholders' equity at January 31 was:
A)$1,500
B)$3,000
C)$1,250
D)$750

Name: On January 31, an entity's balance sheet showed total assets of $2,250 and liabilities of $750.Stockholders' equity at January 31 was: A)$1,500 B)$3,000 C)$1,250 D)$750
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Stockholders' equity is calculated as total assets minus total liabilities. Therefore, $2,250 (total assets) - $750 (liabilities) = $1,500 (stockholders' equity).

On January 31, an Entity's Balance Sheet Showed Total Assets