Consider a company that has the following data reported on its Balance Sheet at year-end: Total Assets: $1,000,000 Total Liabilities: $600,000 Shareholders' Equity: ? Based on this information, what is the amount of Shareholders' Equity?

Exam

CFA Level 1

Section

Difficulty

Financial Reporting and Analysis

Calculating Shareholders' Equity from Balance Sheet Data

Easy Financial Statements Balance Sheet

Consider a company that has the following data reported on its Balance Sheet at year-end:

Based on this information, what is the amount of Shareholders' Equity?

400,000

600,000

1,000,000

Submitted5.2K

Correct3.3K

% Correct63%