Homework Answers
Total assets=Total liabilities+Total equity
| Assets= | liabilities+ | Stockholders equity |
| 77000 | 45000 | (77000-45000)=$32000 |
| (46000+61000)=$107000 | 46000 | 61000 |
| 88000 | (88000-62000)=$26000 | 62000 |
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Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities...
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1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
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Brief Exercise 1-01 Presented below is the basic accounting equation. Determine the missing amounts. = Assets $78,000 + Stockholders' Equity Liabilities $50,000 (a) (b) s. $45,000 $70,000 $94,000 $60,000 Click if you would like to Show Work for this question: Modify Show Work LINK TO TEXT Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $120,000 and its stockholders' equity is $232,000. What is the amount of Holland Company's total assets? Total...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
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