Question
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,690; Accounts Receivable, $8,481; Supplies, $1,810;
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,690; Accounts Receivable, $8,481; Supplies, $1,810; Land, $24,443; Accounts Payable, $5,872. What is the amount of stockholders' equity as of July 1 of the current year?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
