Question
Ellis Incorporated currently has Common Stock of $19,500, Retained Earnings of $20,400, Notes Payable of $21,200, and Mortgage Payable of $15,500. What is Ellis' stockholders'
Ellis Incorporated currently has Common Stock of $19,500, Retained Earnings of $20,400, Notes Payable of $21,200, and Mortgage Payable of $15,500. What is Ellis' stockholders' equity?
a. $36,700
b. $39,900
c. $35,000
d. $41,600
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
