Use the following information for Meeker Corp. to determine the amount of equity to report. Cash $ 72,000 Buildings 126,500 Land 208,600 Liabilities 131,500 A. $22,600. B. $275,600. C. $407,100. D. $538,600. E. $285,600.

$276,500

Explanation:

The computation of the total equity is shown below;

As we know that

Accounting equation is

Total assets = Total liabilities + total stockholder equity

where,

Total assets is

= Cash + land + buildings

= $72,000 + $208,600  + $126,500

= $407,100

And, the total liabilities is $131,500

So, the total stockholder equity is

= $407,100 - $131,500

= $276,500

We simply applied the above formula

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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