Danio Inc has 79000 in Assets and 26000 in Liabilities How m

Danio, Inc. has $79,000 in Assets and $26,000 in Liabilities. How much does the company have in Stockholders\' Equity? OA. $26,000 O B. $53,000 C. $105,000 D. $79,000 Click to select your answer. Images for Danio, Inc. has $79,000 in Assets and $26 3

Solution

Answer is $53,000.

Assets = $79,000
Liabilities = $26,000

Assets = Liabilities + Stockholders’ Equity
$79,000 = $26,000 + Stockholders’ Equity
Stockholders’ Equity = $53,000