Question

At the beginning of the year, Oriole Company had total assets of $845,000 and total liabilities of $532,000. (Treat each item independently.) (a) If total assets increased $150,000 during the year and total liabilities decreased $75,000, what is the amount of stockholders equity at the end of the year? Stockholders' equity $ 538000 (b) During the year, total liabilities increased $96,000 and stockholders' equity decreased $80,000. What is the amount of total assets at the end of the year? Total assets $ (c) If total assets decreased $82,000 and stockholders'equity increased $120,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities $

Answer 1

1. Total Assets= $845,000

Total Liabilities=$532,000

Total Assets= Total Liabilities+Stockholders' equity

845000=532000+ Shareholders' Equity

Stockholders' Equity= 845,000-532,000= 313,000

(a) Total assets Increased 150,000

=845,000+150,000= 995,000

Total Liabilities decreased 75,000

=532,000-75,000=457,000

• Stockholders' Equity=Total assets- Total Liabilities

=995,000-457,000=538,000

(b) Total Liabilities Increased 96,000

=532,000+96,000=628,000

Stockholders' Equity decreased 80,000

=313,000-80,000=233,000

• Total Assets=Total Liabilities+Stockholders' equity

=628,000+233,000= 861,000

(c) Total assets Decreased 82,000

=845,000-82,000=763,000

Stockholders' Equity Increased 120,000

=313,000+120,000=433,000

• Total Liabilities= Total assets- shareholders' Equity

=763,000-433,000=330,000

2. f(x)= 9x-3

f(a)=9a-3

f(a+1)= 9(a+1)-3

=9a+9-3

=9a+6.

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