If liabilities are $55,500 and assets are $173,625, then equity equals:$118,125 $55,500 $229,125 $111,000 $173,625
If liabilities are $55,500 and assets are $173,625, then equity equals:$118,125 $55,500 $229,125 $111,000 $173,625
Homework Answers
Total assets=Total liabilities+Total equity
Hence equity=(173625-55500)
which is equal to
=$118125
Add Answer to:
If liabilities are $55,500 and assets are $173,625, then equity
equals:$118,125 $55,500 $229,125 $111,000 $173,625
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of...
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Ο Decrease of $78,300 Ο Decrease of $33,900 Ο Increase of $78,300 Ο Increase of $33,900
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500....
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Decrease of $33,900 O Increase of $33,900 O Decrease of $78,300 Increase of $78,300
If assets are $378,000 and liabilities are $186,000, then equity equals:
If assets are $378,000 and liabilities are $186,000, then equity equals:
3. Rambo Company's owner's equity equals % of the company's total assets. The company's liabilities are...
3. Rambo Company's owner's equity equals % of the company's total assets. The company's liabilities are $120,000. What is the amount of the company's owner's equity?
Barrett company owners equity equals one-fourth of the company's total assets. the company's total liabilities are...
Barrett company owners equity equals one-fourth of the company's total assets. the company's total liabilities are $309,000. what is the amount of the company's owner's equity
1. If equity equals $100,000, which of the following is true? a. Assets exceed liabilities by...
1. If equity equals $100,000, which of the following is true? a. Assets exceed liabilities by $100,000. b. Liabilities exceed equity by $100,000. c. Assets + liabilities equal $100,000. d. None of the above is true. 2. Which of the following pairs of accounts are impacted the same with debits and credits? a. Electricity Expense and Office Supplies b. Cash and Unearned Service Revenue c. Accounts Receivable and Accounts Payable d. Buildings and Common Stock 3. ________ takes all transactions...
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is...
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities increase $48,000. What is the equity at year-end? Assets Liabilities + $ $ $ Beginning Change Ending 288,000 = 80,000 = 72,000 + 48,000 + Equity 216,000 32,000: + b. Office Store Co. has assets equal to $111,000 and liabilities equal to $85,000 at year-end. What is the equity for Office Store Co. at year-end?...
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500...
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018...
JUST DEW IT CORPORATION 2017 and 2018 Balance
Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
11,250
$
19,440
Accounts payable
$
30,600
$
49,200
Accounts receivable
11,850
16,080
Notes payable
24,900
31,200
Inventory
39,150
60,240
Total
$
62,250
$
95,760
Total
$
55,500
$
80,400
Long-term debt
$
27,000
$
24,000
Owners’ equity
Common stock and paid-in
surplus
$
48,000
$
48,000
Retained earnings
169,500
327,600
Net plant and equipment
$...
The accounting equation can be expressed as A. Assets + Liabilities = Equity. B.Assets =Liabilities−Equity. C....
The accounting equation can be expressed as A. Assets + Liabilities = Equity. B.Assets =Liabilities−Equity. C. Equity−Assets= Liabilities. D. Assets−Liabilities= Equity.
A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Ο Decrease of $78,300 Ο Decrease of $33,900 Ο Increase of $78,300 Ο Increase of $33,900
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Decrease of $33,900 O Increase of $33,900 O Decrease of $78,300 Increase of $78,300
If assets are $378,000 and liabilities are $186,000, then equity equals:
3. Rambo Company's owner's equity equals % of the company's total assets. The company's liabilities are $120,000. What is the amount of the company's owner's equity?
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities increase $48,000. What is the equity at year-end? Assets Liabilities + $ $ $ Beginning Change Ending 288,000 = 80,000 = 72,000 + 48,000 + Equity 216,000 32,000: + b. Office Store Co. has assets equal to $111,000 and liabilities equal to $85,000 at year-end. What is the equity for Office Store Co. at year-end?...
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
JUST DEW IT CORPORATION 2017 and 2018 Balance
Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
11,250
$
19,440
Accounts payable
$
30,600
$
49,200
Accounts receivable
11,850
16,080
Notes payable
24,900
31,200
Inventory
39,150
60,240
Total
$
62,250
$
95,760
Total
$
55,500
$
80,400
Long-term debt
$
27,000
$
24,000
Owners’ equity
Common stock and paid-in
surplus
$
48,000
$
48,000
Retained earnings
169,500
327,600
Net plant and equipment
$...
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