Exam

CFA Level 1

Section

Difficulty

Financial Reporting and Analysis

Calculating Total Equity from Balance Sheet Components

Hard Financial Statements Balance Sheet

On March 31, 2023, XYZ Corp reported the following amounts on its Balance Sheet:

Total Current Assets: $250,000
Total Non-Current Assets: $750,000
Total Current Liabilities: $150,000
Total Non-Current Liabilities: $350,000
Equity: ?

Given this information, which option correctly identifies XYZ Corp's total Equity as of March 31, 2023?

A

Total Equity is $500,000.

B

Total Equity is $400,000.

C

Total Equity is $750,000.

Hint

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Correct1.6K

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