Answer:
The answer is $80,000
Explanation:
Shareholders' equity is the residual interest the owner has in the business. It is calculated by deducting its liabilities from its assets. i.e
Total assets - Total liabilities.
Total assets is summation of current and non-current asset. So we add Curren asset(cash, accounts receivable) and non-current asset (office equipment) together.
So we have, $28,000 + $19,000 $53,000 = $100,000
Therefore, stockholders’ equity is:
$100,000 - $20,000
=$80,000
