{"id":589,"date":"2017-11-03T19:19:14","date_gmt":"2017-11-03T13:19:14","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/four-years-ago-velvet-purses-purchased-a-mailing-machine-shareholders-equity\/"},"modified":"2017-11-03T19:19:14","modified_gmt":"2017-11-03T13:19:14","slug":"four-years-ago-velvet-purses-purchased-a-mailing-machine-shareholders-equity","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/four-years-ago-velvet-purses-purchased-a-mailing-machine-shareholders-equity\/","title":{"rendered":"Four years ago, Velvet Purses purchased a mailing machine &#8230;.. shareholders&#8217; equity?"},"content":{"rendered":"<p>Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 on today&#8217;s balance sheet but could actually be sold for $58,900. This is the only fixed asset the firm owns. Net working capital is $57,200 and long-term debt is $111,300. What is the book value of shareholders&#8217; equity?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[69],"subject":[7],"education_level":[],"class_list":["post-589","mcq","type-mcq","status-publish","hentry","topic-financial-statements-taxes-and-cash-flow","subject-corporate-finance"],"mcq_note":"Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 on today's balance sheet but could actually be sold for $58,900. This is the only fixed asset the firm owns. Net working capital is $57,200 and long-term debt is $111,300. The book value of shareholders' equity is $10,400.","mcq_options":[{"right":"no","answer":"$4,800 "},{"right":"no","answer":"$7,700 "},{"right":"yes","answer":"$10,400 "},{"right":"no","answer":"$222,600 "}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":69,"title":"Financial Statements, Taxes, and Cash Flow","slug":"financial-statements-taxes-and-cash-flow"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=589"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=589"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=589"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=589"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}