Acme Inc has Assets of 410449 and Liabilities of 163088 What

Acme Inc. has Assets of $410449 and Liabilities of $163088. What is the value of Stockholders\' Equity? Enter the value in whole numbers with no decimals. The formula for the accounting equation is simple and something that students should know from memory, therefore it is not given.

Solution

Total Assets = Total Liabilities + Total Stockholders\' Equity

Total Stockholders\' Equity = Total Assets - Total Liabilities

= $ 410449 - $ 163088

= $ 247361

Hence the correct answer is $ 247361