Homework Answers
Accounting equation:
Assets = Liabilities + stockholders equity
a- Assets = Liabilities + stockholders equity
Assets = $ 715,000 + $ 1,185,000.
Assets = $ 1,900,000
b- Liabilities = Assets - stockholders equity
Liabilities = $ 600,000 - $ 510,000
Liabilities = $ 90,000
c- Stockholders equity = Assets - Liabilities
Stockholders equity = $ 112,400 - $ 23,750
Stockholders equity = $ 88,650
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Please provide formula/equation so i know how to solve for.
Thank you!
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Thank you!
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