Homework Answers
Answer a:
Stockholders' Equity = Total assets - Total Liability
Beginning of the year Stockholders' Equity = $300,000 - $180,000 = $120,000
End of the year Stockholders' Equity = ($300,000 + $15,000) - ($180,000 + $40,000) = $95,000
Answer b:
End of the year Stockholders' Equity = ($300,000 + $60,000) - ($180,000 - $5,000) = $185,000
Answer c:
Total Assets = Total liabilities + Stockholders' equity
Beginning of the year equation:
=> $300,000 = $180,000 +$120,000
End of the year Total assets = ($180,000 + $40,000) + ($120,000 +$35,000) = $375,000
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How do I work this ?? QUESTION 3 Not yet answered Marked out of 3.00 PFlag...
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How do I work this ??
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