Homework Answers
Answer
- Requirement 1
|
Total Assets |
Total Liabilities |
Stockholder's equity |
|
|
a |
$660,000 |
$300,000 |
$360,000 |
|
b |
$85,000 |
$50,000 |
$35,000 |
|
c |
$350,000 |
$75,000 |
$275,000 |
- S1-5
1.
Since Assets = Liabilities + Equity,
Liabilities = Assets - Equity
2.
|
Equation: Stockholder's equity = Total Assets - Total Liabilities |
|
Equation: Own Equity = Total Assets - Total Liabilities + Revenues - Expenses - Drawings |
- S1-6
|
a |
Assets |
g |
Stockholder's equity |
|
b |
Liabilities |
h |
Assets |
|
c |
Assets |
i |
Liabilities |
|
d |
Assets |
j |
Assets |
|
e |
Liabilities |
k |
Assets |
|
f |
Liabilities |
l |
Stockholder's equity |
Add Answer to:
Total Liabilities + Total Assets $ ? 85.000 350,000 Stockholders' Equity $360,000 $300,000 50,000 275,000 S1-5....
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