Homework Answers
Answer 5.
December 31, 2017:
Assets = Liabilities + Equity
$113,000 = $70,000 + Equity
Equity = $43,000
December 31, 2016:
Assets = Liabilities + Equity
$119,000 = Liabilities + $27,500
Liabilities = $91,500
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The foWowing infarmation apples to the questions dispiayed below The folowing fnancial...
i sent this earlier. i did get the answer. but how did you come up with...
i sent this earlier. i did get the answer. but how did
you come up with the equity answer for December 2016. how did you
come up with the equity answer: 27500
The foWowing infarmation apples to the questions dispiayed below The folowing fnancial statement Information s from fve seperate companies Company Compay Compoy Cmpy Compery s 55,000 34,000 $ 24.000 $60000 119,000 Assets Lubiiies December 31. 2017 24,500 215009000 00000 85.000 113.000 26,500 29000 24000 0000 6.500 8000 14000...
i sent this earlier. i did get the answer. but how did
you come up with the equity answer for December 2016. how did you
come up with the equity answer: 27500
The foWowing infarmation apples to the questions dispiayed below The folowing fnancial statement Information s from fve seperate companies Company Compay Compoy Cmpy Compery s 55,000 34,000 $ 24.000 $60000 119,000 Assets Lubiiies December 31. 2017 24,500 215009000 00000 85.000 113.000 26,500 29000 24000 0000 6.500 8000 14000...
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