Vaughn Manufacturing had the following accounts and balances: Accounts payable $28800 Equipment $35600 Accounts receivable 5300 Land 34400 Buildings 98500 Unearned service revenue 10400 Cash 15350 Total stockholders' equity ? If the equipment was sold for $35600, what would be the total of stockholders' equity? $64400 $139550 $90650 $149950

Respuesta :

Based on the value of the various accounts of Vaughn Manufacturing, the total stockholders' equity would be D. $149,950

What is the total stockholders' equity?

First find the total assets:
= Equipment + Land + Building + Accounts receivable + Cash

= 35,600 + 34,400 + 98,500 + 5,300 + 15,350

= $189,150

Liabilities would be:
= Accounts payable + Unearned service revenue

= 28,800 + 10,400

= $39,200

Equity is:

= 189,150 - 39,200

= $149,950

Note: The sale of equipment would not affect total asset value as cash would increase when equipment decreases.

Find out more on stockholders' equity at https://brainly.com/question/14032844.

#SPJ1