Answer: A Level of Difficulty: 1 Learning Goal: 1 Topic: Stockholders ' Report 7. Total assets less net fixed assets equals a gross assets. b current assets. c depreciation. d liabilities and equity. Answer: B Level of Difficulty: 1 Learning Goal: 1 Topic: Balance Sheet 8. The ______ provides a financial summary of the firm 's .Assets long term . Gross fixed assets less accum. dep. Net fixed assets. Other long-term investments such as stock and bonds Total assets. Liabilities and Claims on assets. Long term debt total liabilities preferred stock common stock retained earnings total liabilities and equity. What to parts should equal? Assets .Typically, a close estimate of market value added MVA is the market value of equity less the book value of equity. True. 6. The success of a . On the balance sheet, total assets minus net fixed assets equals: a. current assets b. current liabilities c. gross fixed assets d. total assets e. none of the above. A. current assets. 65..Answer to On the balance sheet, total assets minus net fixed assets equals: a. current assets b. current liabilities c. gross fixe .
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