Exercise 16 Part Level Submission Carla Vista Corporation re

Exercise 1-6 (Part Level Submission) Carla Vista Corporation reported the following selected information for the two years ended December 31: 2018 2017 Total assets$650,000 $560,000 Total liabilities 420,000 390,000 (a) Calculate total shareholders\' equity at December 31, 2017 and 2018 2017 2018 Total shareholders\' equity LINK TO TEXT

Solution

Total assets=Total liabiltiies+Total equity

	2017	2018
Total shareholders\' equity	(560,000-390,000)=$170,000	(650,000-420,000)=$230,000.