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Plant, and Equipment: $2,000,000 Accumulated Depreciation: ($400,000) Accounts Payable: ($180,000) Short-term Debt: ($100,000) Long-term Debt: ($1,000,000) Shareholders' Equity: ? Requirements: Classify assets and liabilities into

  • Plant, and Equipment: $2,000,000
  • Accumulated Depreciation: ($400,000)
  • Accounts Payable: ($180,000)
  • Short-term Debt: ($100,000)
  • Long-term Debt: ($1,000,000)
  • Shareholders' Equity: ?

Requirements:

  • Classify assets and liabilities into current and non-current categories.
  • Calculate the total current assets and total non-current assets.
  • Determine the total liabilities (current and non-current).
  • Compute the shareholders' equity.

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