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CFA Level 1
Financial Reporting and Analysis

Calculating Total Equity from Balance Sheet Figures

Easy Financial Statements Balance Sheet

ABC Manufacturing Company is preparing its balance sheet as of December 31, 2023. The balance sheet reflects several key figures:

- Total Current Assets: $350,000

- Total Non-Current Assets: $650,000

- Total Current Liabilities: $200,000

- Total Non-Current Liabilities: $300,000

Based on this information, what is the total equity of ABC Manufacturing Company as reported on the balance sheet?

Hint

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