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At the end of the current year, the statement of financial position showed a balance of $200,000 for total assets. Current liabilities made up 20%
At the end of the current year, the statement of financial position showed a balance of $200,000 for total assets. Current liabilities made up 20% and non-current liabilities made up 35% of total liabilities and shareholders' equity. What was the total amount of shareholders' equity at the end of the current year?
O $90,000
O $180,000
O $110,000
O $290.000
At the end of the current year, the statement of financial position showed a balance of $200,000 for total assets. Current liabilities made up 20% and non-current liabilities made up 35% of total liabilities and shareholders' equity. What was the total amount of shareholders' equity at the end of the current year?
O $90,000
O $180,000
O $110,000
O $290.000
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