Kalis Corporation's stockholders' equity equals one-third of the company's total assets. The company's liabilities are $120,000 . What is the amount of the company's stockholders' equity?
Assets = Liabilities + Stockholders' Equity
A = 2/3 A + 1/3 A
A = $120,000 ? 3/2 = $180,000
Stockholders' Equity = $180,000 - $120,000 = $60,000
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