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the following data is from a balance sheet of the yesteryear corporation on december 31 of a certain year: common stock $20,000 treasury stock ($15,569,000) retained earnings $25,755,800 total liabilities $14,637,000 paid-in capital $3,861,000 based on the available information, the total stockholders' equity is estimated at:

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The estimated value of the stockholders' equity is $19,067,800.

Equity: What Is It?

Equity is the ownership of assets with prospective debts or other responsibilities attached. Liabilities are subtracted from asset values to determine equity for accounting purposes. The difference of $14,000, for instance, is equity if a person owns a car worth $24,000 and owes $10,000 on the loan used to purchase the vehicle. A single asset, like a car or house, or an entire company may be covered by equity. Selling equity allows a business that needs to start up or expand to raise funds without having to wait for the money to be repaid.

Equity is referred to as "net position" or "net assets" in the context of government finance or other non-profit organizations.

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