On september 30 the simpson company reported the following, Ask an Expert

Accounting

On September 30, the Simpson Company reported the following information on its financial statements:

Total current assets $650,000
Total long-term assets $1,080,000
Total current liabilities $684,000
Total long-term debt $803,000

What is the amount of the stockholder's equity in the Simpson Company?

a) $277,000

b) $927,00

c) $3,217,000

d) $243,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964483

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