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Accounting question on balance sheets: Company XYZ provides the following information for its balance sheet as of December 31, 2022: Total Assets: $800,000 Total Liabilities:

Accounting question on balance sheets:

Company XYZ provides the following information for its balance sheet as of December 31, 2022:

  • Total Assets: $800,000
  • Total Liabilities: $350,000
  • Shareholders' Equity: ?
  • Accumulated Depreciation: $50,000

Calculate the Shareholders' Equity for Company XYZ as of December 31, 2022.

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