Question
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $13,800; Accounts Receivable, $6,900; Supplies, $650; Equipment,
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $13,800; Accounts Receivable, $6,900; Supplies, $650; Equipment, $11,450; Accounts Payable, $8,800. What is the amount of stockholders' equity as of May 31 of the current year?
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
