Garcia Company's stockholders' equity equals one-half of the company's total assets. The company's liabilities are $140,000. What is the amount of the company's stockholders' equity?
Assets = Liabilities + Equity
A = 1/2 A + 1/2 A
1/2 A = $140,000
A = $140,000 x 2 = $280,000
Equity = $280,000 - $140,000 = $140,000
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