Homework Answers
Answer:
- The correct answer is Option C( $516,000 )
Explanation:
Given data :
- Total assets = $ 7,32,000
- Total liabilities = $ 2,16,000
Calculate the amount of Equity in the following way:
Total assets = Liabilities + Equity,
So, Equity = Total assets - Liabilities = $ 7,32,000 - $ 2,16,000 = $5,16,000.
Therefore amount of Equity is $ 516,000.
Add Answer to:
The assets of a company total $732,000, the liabilities, $216,000. What is the amount of equity?...
Saved TB MC Qu. 01-135 The assets of a company... The assets of a company total...
Saved TB MC Qu. 01-135 The assets of a company... The assets of a company total $716,000; the liabilities, $208,000. What is the amount of equity? Multiple Choice $924.000. $716,000 $508,000 < Prey 8 of 19 Next >
The classified balance sheet for a company reported current assets of $1,689,246, total liabilities of $816,540,...
The classified balance sheet for a company reported current assets of $1,689,246, total liabilities of $816,540, Common Stock of $1,170,000, and Retained Earnings of $147,260. The current ratio was 2.6 What is the total amount of current liabilities? Multiple Choice 34 $649,710 $872.706 $86,540 $444,554 9 of 10 <Prev Next > FIS & 2 r3 r 4 6 7 8 A 9 C R U P A DS F HT J G K C V B M > glt cmd...
answer all please also last option is covered so answer could be not in pic for...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
2a. What is the amount of equity on December 31, 2018 for Company B. Answer is...
2a. What is the amount of equity on December 31, 2018 for Company B. Answer is complete and correct. Assets $ 31,980 - = Liabilities $ 22,386 + + Equity 9,594 $ 2b. What is the amount of equity on December 31, 2019 for Company B. Answer is complete and correct. Assets $ 33,120 Liabilities $ 22,521 - + Equity 10,599 = $ 2c. What is net income for year 2019 for Company B. Answer is not complete. Statement of...
MC Qu. 140 The assets of a company total... The assets of a company total $714,000;...
MC Qu. 140 The assets of a company total... The assets of a company total $714,000; the liabilities, $207,000. What are the net assets? Multiple Choice o $921,000. o $714,000. o . $507,000. S207,000. О.
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000...
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000
Compute the amount of liablilites for Company E on December 31, 2016. Company Company Company Company...
Compute the amount of liablilites for Company E on December 31,
2016.
Company Company Company Company Company B D $128,310 $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,660 57,725 50,000 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 36,000 24,480 138,000 109,020 91,000 43,680 16,415 1,400 6,000 11,540 3,500 9,750 (627) 5,875 14,385 6,500 7,818 11,000 2,000 5. Compute the amount of liabilities for Company E on December 31,...
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...
A company has assets of $150,000. The liabilities of the company total $45,000. What amount is...
A company has assets of $150,000. The liabilities of the company total $45,000. What amount is the owner's equity?
MC Qu. 2-173 The classified balance sheet for a... The classified balance sheet for a company reported current assets o...
MC Qu. 2-173 The classified balance sheet for a... The classified balance sheet for a company reported current assets of $1,818,796, total liabilities of $802,540, Common Stock of $1,030,000, and Retained Earnings of $133,260. The current ratio was 2.8. Which of the following statements is not correct? Multiple Choice C) Noncurrent liabilities are $133,260. Total Stockholders' equity is $1,163,260. Total Assets are $1,965,800. o The amount or The amount of current assets is 2.8 times the amount of current liabilities.
Saved TB MC Qu. 01-135 The assets of a company... The assets of a company total $716,000; the liabilities, $208,000. What is the amount of equity? Multiple Choice $924.000. $716,000 $508,000 < Prey 8 of 19 Next >
The classified balance sheet for a company reported current assets of $1,689,246, total liabilities of $816,540, Common Stock of $1,170,000, and Retained Earnings of $147,260. The current ratio was 2.6 What is the total amount of current liabilities? Multiple Choice 34 $649,710 $872.706 $86,540 $444,554 9 of 10 <Prev Next > FIS & 2 r3 r 4 6 7 8 A 9 C R U P A DS F HT J G K C V B M > glt cmd...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
2a. What is the amount of equity on December 31, 2018 for Company B. Answer is complete and correct. Assets $ 31,980 - = Liabilities $ 22,386 + + Equity 9,594 $ 2b. What is the amount of equity on December 31, 2019 for Company B. Answer is complete and correct. Assets $ 33,120 Liabilities $ 22,521 - + Equity 10,599 = $ 2c. What is net income for year 2019 for Company B. Answer is not complete. Statement of...
MC Qu. 140 The assets of a company total... The assets of a company total $714,000; the liabilities, $207,000. What are the net assets? Multiple Choice o $921,000. o $714,000. o . $507,000. S207,000. О.
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000
Compute the amount of liablilites for Company E on December 31,
2016.
Company Company Company Company Company B D $128,310 $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,660 57,725 50,000 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 36,000 24,480 138,000 109,020 91,000 43,680 16,415 1,400 6,000 11,540 3,500 9,750 (627) 5,875 14,385 6,500 7,818 11,000 2,000 5. Compute the amount of liabilities for Company E on December 31,...
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...
MC Qu. 2-173 The classified balance sheet for a... The classified balance sheet for a company reported current assets of $1,818,796, total liabilities of $802,540, Common Stock of $1,030,000, and Retained Earnings of $133,260. The current ratio was 2.8. Which of the following statements is not correct? Multiple Choice C) Noncurrent liabilities are $133,260. Total Stockholders' equity is $1,163,260. Total Assets are $1,965,800. o The amount or The amount of current assets is 2.8 times the amount of current liabilities.
Most questions answered within 3 hours.
-
Which Special Journal would the following transaction be
journalized in?
Sold merchandise on account to Customer...
asked 9 minutes ago -
Assuming 100% dissociation, calculate the freezing point (?fTf)
and boiling point (?bTb) of 1.45 ? K3PO4(aq)1.45...
asked 11 minutes ago -
An inflated helium balloon with a volume of 0.35L at
sea level (1.0 atm) was allowed...
asked 13 minutes ago -
Python 3.0 Please
Write a function that takes, as arguments, a binary string, a
list of...
asked 41 minutes ago -
(a) Calculate the momentum of a 2150 kg elephant charging a
hunter at a speed of...
asked 29 minutes ago -
all the following is an example of a fixed cost except: any cost
that changes in...
asked 31 minutes ago -
Briefly describe the changes in pupil diameter that occur with
changes in light intensity or distance...
asked 31 minutes ago -
A small sample from a vial of phenol melts at 39-40 °C. A larger
sample from...
asked 33 minutes ago -
Draw a δ-lysine amino acid and label all the carbons (alpha,
beta, gamma, etc.)
asked 46 minutes ago -
A uniform thin rod of length 0.97 m and mass 2.2 kg lies in a
horizontal...
asked 39 minutes ago -
A 110 kg horizontal beam is supported at each end. A 340 kg
piano rests at...
asked 40 minutes ago -
Case 5: World Food Programme: A Quarter a Day Keeps the
Hunger Away
Case Summary: Established...
asked 46 minutes ago