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Suppose that Old Navy had the following accounts and balances: Accounts payable $30000 Equipment $35000 Accounts receivable 5000 Land 35000 Buildings 40000 Unearned service
Suppose that Old Navy had the following accounts and balances: Accounts payable $30000 Equipment $35000 Accounts receivable 5000 Land 35000 Buildings 40000 Unearned service revenue 10000 Cash 15000 Total stockholders' equity ? If Old Navy paid $10000 of Accounts Payable in cash, total liabilities and stockholders' equity would be O $78000. O $90000. O $120000. O $80000.
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