Homework Answers
Answers
- Concept:
Assets = Liabilities + Equity
2018 Beginning: $ 16000 = $ 12000 +Equity. Hence Equity = $ 16000 – 12000 = $ 4000
2018 Ending: $ 21000 = $ 14000 + Equity. Hence Equity = $ 21000 – 14000 = $ 7000 - This means that Equity increased from $ 4000 to $ 7000
- Requirement 1:
The Stockholder’s equity INCREASED during the year by $ 3000 - Requirement 2
Four reason that Stockholder’s equity
can change:
>Increase/Decrease in Revenue
>Increase/Decrease in Expense
>Dividends
>Gain/Loss on sale of fixed assets.
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you can do both requirements that would be great
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Fill in the blanks.
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