Ellis incorporated currently has common stock of $19,500, retained earnings of $20,400, notes payable of $21,200, and mortgage payable of $15,500. what is ellis' stockholders' equity?

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12-09-2022
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Ellis incorporated currently has common stock of $19,500, retained earnings of $20,400, notes payable of $21,200, and mortgage payable of $15,500. what is ellis' stockholders' equity?

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khuranashilpa76 khuranashilpa76 · Answer 1 · 2022-09-24T21:47:12+02:00

The right answer is $39,900.

Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of earnings earned by the company that has been reinvested since its inception. The four components used in the equity calculation are outstanding shares, additional paid-in capital retained earnings and treasury stock.

Equity is also known as Equity and both mean the same thing. The term refers to the number of assets left by the business owner after paying off the debt or debt. Equity simply refers to the difference between a company's total assets and total liabilities. Equity represents the owner's claim to the company's assets after the debt has been paid off. Also known as share capital, it consists of two components.

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