A company's balance sheet shows: cash $40,000, accounts receivable $25,000, office equipment $59,000, and accounts payable $26,000. What is the amount of stockholders' equity

the amount of stockholders' equity is $98,000

Explanation:

It is important to remember that the Balance Sheet uses the Accounting equation :

Accounting Equation states that :

                                      Assets = Equity + Liabilities

This can be also stated as :

                                         Equity = Assets - Liabilities

Where,

Assets = $40,000 + $25,000 + $59,000 = $124,000

Liabilities = $26,000

Therefore,

Equity = $124,000 - $26,000

           = $98,000

Conclusion :

Using the Accounting Equation we have solved the amount of stockholders' equity as $98,000

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; by looking at total product,marginal product,and changes in both after changes in inputs