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The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Bravo' o…

The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Bravo' o…
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The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,300,000; and Other Assets, $200,000. Bravo' only debt is $2,070,000 owed to a bank. What is Bravo' stockholders' equity?

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User Cmann
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1 Answer

4 votes

Answer:

12,630,000

Step-by-step explanation:

The debt is 2,070,000 not 200,000.

answered
User Gannon
by
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