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Use the following information for Meeker Corp. to determine the amount of equity to report. Cash $ 72,000 Buildings 126,500 Land 208,600 Liabilities 131,500 Multiple Choice $22,600. $275,600. $407,100. $538,600. $285,600.

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abdullahfarooqi

Answer:

$275,600

Explanation:

Equity  = Assets - Liabilities

Equity = Cash + Buildings + Land - Liabilities

Equity = $72,000 + $126,500 + $208,600 - $131,500 = $275,600

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