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CFA Level 1
Financial Reporting and Analysis

Calculating Total Equity from Balance Sheet Components

Hard Financial Statements Balance Sheet

ABC International is preparing its Balance Sheet at the end of the fiscal year. The company has the following components:

  • Cash: $200,000
  • Inventory: $300,000
  • Accounts Receivable: $150,000
  • Property, Plant, and Equipment: $500,000
  • Accounts Payable: $100,000
  • Long-term Debt: $200,000

Based on this information, what is the total equity reported on ABC International's Balance Sheet?

Hint

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