Determining the stock-holders equity


Milsap Corporation reported total assets of $2,500,000, total current liabilities of $900,000, and total long-term liabilities of $800,000. Therefore, the stockholders' equity was

a. $ 100,000.

b. $ 800,000.

c. $1,600,000.

d. $1,700,000.

e. None of the above is correct.

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Accounting Basics: Determining the stock-holders equity
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