What is total shareholders equity


Construct a balance sheet for Saylor's Tables given the following data (assume that the items listed below are the only entries on Saylor's balance sheet). What is total shareholders' equity?

  • Cash = $855
  • Long-term debt = $988
  • Net Property = $627
  • Accounts receivable = $521
  • Inventory = $960
  • Accounts payable = $744
  • Total shareholders' equity = ???

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Accounting Basics: What is total shareholders equity
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