Question

The following amounts are reported in the ledger of Mariah Company: Assets Liabilities Retained Earnings S75 000 43,000 11,50
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Total assets=Total liabilities+Total equity

Total equity=75000-43000=32000

Total equity=Common stock+Retained earnings

Common stock=(32000-11500)

=$20500

Add a comment
Know the answer?
Add Answer to:
The following amounts are reported in the ledger of Mariah Company: Assets Liabilities Retained Earnings S75...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT