Casello Mowing Landscapings yearend 2015 balance sheet list

Casello Mowing & Landscaping\'s year-end 2015 balance sheet lists current assets of $436,400, fixed assets of $551,600, current liabilities of $417,800, and long-term debt of $316,900.

Casello Mowing & Landscaping\'s year-end 2015 balance sheet lists current assets of $436,400, fixed assets of $551,600, current liabilities of $417,800, and long-term debt of $316,900. Calculate Casello’s total stockholders’ equity.

Solution

Calculation of total Stockholder\'s equity: Particulars Amount Current assets 436400 Add:Fixed assets 551600 Less: Current liabilities 417800 Less: long term debt 316900 Stockholder\'s equity (436400+551600-417800-316900) 253300 So stockholder\'s equity= $253300