SOLUTION: Zoeckler Mowing& Landsacping's year end 2009 bal sheet list current assets of $259,000,fixed assets of $333,000, current liabilities of $245,000, and longterm debt of $185,000.

Algebra ->  Finance -> SOLUTION: Zoeckler Mowing& Landsacping's year end 2009 bal sheet list current assets of $259,000,fixed assets of $333,000, current liabilities of $245,000, and longterm debt of $185,000.       Log On


   

Question 288661: Zoeckler Mowing& Landsacping's year end 2009 bal sheet list current assets of $259,000,fixed assets of $333,000, current liabilities of $245,000, and longterm debt of $185,000.
Calculate Zoecklers total stockholders equity
Answer by brucewill(101) About Me  (Show Source):
You can put this solution on YOUR website!
By definition, Equity is Assets - Liabilities.
Assets: 259,000 + 333,0000 = 592,000.
Liabilities: 245,000 + 185,000 = 430,000.
Equity: 592,000 - 430,000 = highlight%28162000%29